Holllngbury Park Pre-school Ltd IA company Ilmlted by guarantse) Charlty No. 1150200 Company No. 07904951 Trustees, Report and Unaudited Accounts 31 March 2024
Hollingbury Park Pre-school Ltd Contents Page5 2to4 Trustees, Annual Report Independent Examlner's Report Statement of Financial Activtties Balance Sheet Notes to the Accounts 8t014 Page I
Holllngbury Park Prfrsthool Ltd Trustees Annual Report The trustees. who are a150 directors of the tharity for the purposes of the Companies Act 2006, present their report with the unaudited financial ststements of the charty for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 07904951 Charlty No. IIS0200 Prlncipal Offi Dltchllng Road Brighton East Sussex United Kin8dom BNI 6JU Reglstered Office Dltchling Road Brl8hton East Sussex BNI 6JU Dlrectors and Trustees The Directors of the charltable company are its Trustees for the purposes of charlty law. The following Directors and Trustees seNed during the year: L. Hornsbury E. Jenklns S. Obrlen B. Puddlck E. Thomas-simpson A. J P Howard (Resigned 10 July 2024) (Appointed 10 July 2024) Company Secretary E. Jenklns Accountants Tlme Accounts Llmlted Room 34 Basepoint BusTness Centre Little High Street Shoreham-by-sea BN43 SEG Page 2
Holllngbury Park Pre-Sth¢)ol Ltd Trustees Annual Report Structure. governan and management The Trustees meet annually to discuss and approve the company accounts. The Governing Document -PLA Constitution 2008 are also approved at the AGM along with election of Trustees to the board are carrled out at the AGM. All staff and Trustees are required to have a Disclosure and 8arrin8 Servi(08s) check in line with ststutory requirements and to be at the required appropriate level for supervision and guidance of the children in our care. The general manager reports to the trustees on all matters relating to the running of the playgroup and financial matters concerning the Charity. OBJEcfivES AND AcnvmES The company Is Ilmited by guarantee and its objertbves are to provide quallty care and education for children in the local community aged from two years to primary school age, following Statutory Framework for the Early Year Foundation Stage. ACHIEVEMENTS AND PERFORMANCE 202312024 has contlnued to see an Increased number of children since the affects of Covid-19. We have had to employ another member of staff due to this increase of chlldren and have had to use bank staff on numerous occa51ons. The bank has remained comfortably stable for most of thls tlme. We are stlll flndlng that there is a hi8her number of thlldren needing additional help with language. We have been supportlng these chlldren wlth professional and extra help In settling In with us. We had a few chlldren leaving to go to school In September but had a fairly quick influx of new chlldren whlch continued through the year due to the announcement of detslls of the new two-year funding. We continue to have enqulrles and visits from prospectlve parents, so antlcipate that attendance wlll contlnue to Increase. We have continued to host as many events as possible for the parents to be involved with at the school. These events have been fantsstic for brin8in8 everyone together and getting feedback on our practice. FINANCIAL REVIEW The trustees receive annual reports on operational and flnanual matters. These provide a fomial check that the charity Is performing legally. safely and within Its means. All Trustees have assessed major rtsks to whlch the Charity is exposed in particular. those related to the operations and finances of funds held arml are satisfied that systems are In pla to mltlgate exposure. The Charity holds its funds at HSBC bank and is satisfied that they have procedures In place to ensure funds are held securety. The business Is funded by fees from parents and carers and from the Early Years Entitlement Provlsion for two (where applicable), three- and four-year olds. The Income received by the charity is applied to various runnlng costs ranglng from staff wages, rent, supplies, equipment and day-to4ay costs. Page 3
Hollingbury Park Pre-school Ltd Trustees Annual Report POUCY ON RESERVES The trustees have established a policy of maintaining an appropriate level of reserves to enable the adequate function of the charity in order to maximise the charitsble work that it carries out. The trustees review the level of reserves at regular intervals as a part of their annual review of the operational and financial matters reports which they receive. The Trustees are responsible for keeping proper accountlng records that disclose wlth reasonable accuracy at any tlme the financ5al posltlon of the charity and to enable them to ensure thatthe financial ststements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence tskin8 reasonable steps for the prevention and detection of fraud and other Irregularities. The above report has been prepared In accordance with the provisions applicable to companies subject to the small companles reglme as set out in Part 15 of the Companles Act 2006 and In accordance wlth the Charltles SORP {FRS 102). SS8ned on behalf of the board E. Jenklns Trustee Page 4
Nollingbury Park Pre-school Ltd Independent Examlners Report Independent Examinerfs Report to the trustees of Hollin8bury Park Pre-school Ltd I report to the charity trustees on my examination of the financial statements of Hollingbury Park Pre-school Ltd for the year ended 31 March 2024 which comprise the Statement of Financial Artivities. the Summary Income and Expenditure Account. the Balance Sheet and the related notes. Responslbllltles and basls of report As the charity's trustees of the company land also Its dlrectors for the purp(w5 of company lawl you are responslble for the preparatlon of the finandal statements in accordance wtth the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audlted under Part 16 of the 21x16 Act and are eligible for independent examination. I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act,). In carrying out my examination I have followed the Dlrectlons glven by the Charlty Commlsslon under sectlon 145(5) (b) of the 2011 Act. Independent examlnees statement I have completed my examination. I can confim) that no material matters have come to my attention in connectlon wlth the examination glvlng me cause to belleve: • accounting records were not kept in accordance with sertion 386 of the 2006 Art . or the financlal statements do not accord wlth those records: or the flnanclal statements do not compty wlth the accounting requirements under sectlon 396 of the 2006 Aci other than any requlrement that the financial ststements glve a 'true and falr. vlew whlch Is not matter consldered as part of an Independent examlnatlon: or • the flnandal statements have not been prepared in accordance with the Charities SORP (FRS 102). I have no concerns and have come across no other matters In connectlon wlth the examlnation to which attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Mrs Hannah Thatcher, FCA LLB Instltute of Chartered Accountants England and Wales TSme Accounts Limited Room 34 Basepoint Buslness Centre Little High Street Shoreham-by-sea BN43 SEG Page 5
Holllngbury Park Pre-school Ltd Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Unrestricted funds 2024 Total fvnd5 Total funds 2024 2023 Notes Income and endowfflents from: Donations and legacles Other 1,000 76,916 126,575 126,575 Total 126,575 126,575 77.916 Expendlture on: Charltable attivitles Other 84,081 1,561 84,081 1,561 82,195 1,694 Totsl 85,642 85.642 83,889 Net galns on Investments Net Income/(expendlture) Transfers between funds 40,933 40.933 {5,973) Net Income/(expendlture) before other galn$/(losses) 40,933 40,933 {5,973) Other galns and loss Net movement In funds 40,933 40,933 (5,9731 Reconclllatlon of funds: Total funds brought forward 916 916 6,889 Total lunds carrled forward 41,849 41,849 916 Page 6
HolllnBbury Park Pr&School Ltd Balance Sheet at 31 March 2024 Company No. 07904951 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 578 53.206 53,784 (11.935) 41,849 41.849 530 12,010 12,540 111.624) 916 Credltors: Amount falling due within one year Net current assets li Total assets less current liabillties 916 Net assets excludlng penslon asset or liability 41,849 916 Total net a55ets 41,849 916 The funds of the charlty Restricted funds Unrestrirted fvnds General funds 12 12 41,849 916 41,849 916 12 Totsi funds 41,849 916 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companles Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemptlon under section 477 of the Companies Art 2006 relating to small companies. The members have not required the company to obtain an audit in accordance wlth sectlon 476 of the Companies Act 2006. The directors acknowledge their responsibilities for comptylng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on And signed on its behalf by: E. Jenkins Trustee Page 7
Hollingbury Park Pre-school Ltd Notes to the Accounts for the year ended 31 March 2024 l Accounting policies ststement of compllance The financial statements have been prepared in accordance with 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 l January 20191- (Charities SORP 2019 (FRS 102)). the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Hollin8bury Park Pre- School Llmlted meets the definitlon of a public benefit entity under FRS 102. Assets and Liabilities are Initlally recognised at historical cost or transartion value unless otherwise stated in the relevant accounting policy notes, Fund a¢countln8 Unrestrlcted funds These are avallable for use at the discretion of the trustees In furtherance of the 8eneral objects of the charlty. These are unrestrfcted funds earmarked by the trustees for particular purposes. These are unrestrlcted funds whlch Include a revaluatlon reserve representing the restatement of Investment assets at theSr market values. These are available for use subject to restrictions imposed by the donor or through ternis of an appeal. Designated funds Revaluation fvnds Restrlrted funds Income Recognltlon of income Income Is Sncluded In the Statement of Flnanclal Actlvltles (SOFA) when the charlty becomes entftled to, and virtually certaln to recelve, the income and the amount of the income can be measured wlth sufficlent rellabillty. Income with related Where income has related expendlture the Income and related expenditure Is expendlture reported gross in the SOFA. Donatlons and legacies Voluntary income received by way of grants, donations and 8Sfts Ss Included in the the SOFA when recelvable and only when the Charfty has unconditional entltlement to the income. Page 8
Hoifingbury Park P-Sth0O1 Ltd Notes to the Accounts Expenditure Recognition of expenditure All expenditure is recognised On there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with ontral staff costs allocated on the basis of time spent. and depreciation charEes allocated on the portion of the asset's use. Other support costs are allocated based on the spread of stsff costs. Expenditure on These comprise the costs associated with attracting voluntary income. fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Chaiity in the delivery of its activities charitable actNities and Se1$ in the furtherarKe of its objects, including the making of grants and governan costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audltlindependent examination fees. costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Support costs include central fvnctions and have been allocated to attivity Cost categories on a basis consistent with the use of resources, for example. allocating property costs by floor areas, or per capits. staff costs by the time spent and other costs by their usage. Grants payable Governan costs Going concern The Trustees consider that there are no material UnrtaIntieS about the charivs ability to continue as a going concern nor any significant areas of UnrtaInty that affect the carrying value of assets held by the charity. Exemptlon from preparing a cash Ilow Statement The tharity adopted Bulletin I published on 2 February 2016 and have thereof not included a cash flow statement in these finanaal statement& Trade and other credltors Short term creditors are measured at the transaction price. Other creditors and provisions a recognised where the tharity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors and provisions are normalty recognised at their settlement amount after allowing for any trade discounts due. Fund strurture Unrestricted income fvnds are general funds that are available for use at the trustee's discretion in furtheran of the objectNes of the charity. Page 9
Hollingbury Park Pre-school Ltd Notes to the Accounts Hnanclal Instruments Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified accordlngto the Substan of the contrartual arrangements entered into. An equlty instrument Is any contract that evidences a residual interest in the assets of the charity after deduttin8 all of its liabilities. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a penslon plan under whlch the company pays fixed contributions into a separate entity. Once the contrlbutlons have been paid the company has no further payments obliBatlons. The contrlbutlons are recognlsed as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Recelpt of donated goods. fadlltles and servlces All donated goods. faci1Sties and seNlces recelved are recognlsed within incomlng resources and expendlture at an estimate of the value to the charity. 2 Charlty Status The charlty Is a charity Ilmited by guarantee and consequently does not have share capltal. Each of the trustees Is Ilable to contribute an amount not exceedlng £1 towards the assets of the charlty in the event of Ilquldatlon. The charlty Is Incorporated In En8land and Wales. The address of Its re8lstered office is: HollSngbury Park Pre-school Dltchlln8 Road Brighton East Sussex BNI 6JU Page 10
Hollingbury Park Prevsthoot Ltd Notes to the Accounts 3 Statement of Flnandal Actlvldu- prlor year Unrestrlcted funds Total funds 2023 Income and endowments from: Donations and legacies Other 1,000 76.916 76.916 Total 77.916 77,916 Expendlture on: Charitable activities 82,195 1,694 82,195 1,694 Other Total 83,889 83,889 Net Income (5.973) (5,973) Net Income before other 8alns/(losses) Other 8alns and losses: Net movement In lunds 15,973) 15,973) {5,973) 15,973) Reconclllatlon of funds: Total funds brought forward Total funds ¢arrled forward 6,889 6,889 916 916 4 Income from donatlons and legades Donated goods. fadlttles and seThlce5 recelved Unrestrlcted Totsl 2024 Total 2023 Donatlons recelved 1,000 5 Other Income Unrestrfcted Total Total 2024 2023 Fees and supplies 126,575 126.575 126,575 126.575 76,916 76,916 During the year, the Charity received funding totsllin8 £104.189 (2023: £61.308) included in fees and supplies from Brighton and Hove City Council as part of the Earty Years Free Entitlement IEYFE) scheme. The funds are used towards providing services carried out by the charfty and are deslgnated towards such use. Page 11
Holllngbury Park Pre-sthool Ltd Notes to the Accounts 6 Expenditure on charltable activities Unrestrlcted Total Total 2024 2023 Governance costs Accountant Fees-other fees paid to auditors/accountants Allocated support cost 3.327 3.327 2,938 80,754 80,754 79,257 84,081 84,081 82,195 Included within governance costs is £2,004 {2023: £1.990) in relation to accountancy and independent examination services provided. 7 Other expendlture Ilnrestricted Total Total 2024 2023 Employee costs General administrative costs 1,466 95 1,466 95 1,598 96 1,561 1,561 1,694 8 Trustee remuneratlon and expenses One or more of the trustees has been paid remuneration in the current or prior periods. Other benefits Trustee E. Jenkins Puddick Remunerntlon 9,825 21,353 Penslon 295 641 9 Staff costs 2024 1,466 1.466 2023 1,598 1,598 Penslon costs No employee reiVed emoluments in excess of £60,000. The average monthly number of full time equivalent employees durlng the year was as follows: 2024 Number 2023 Number 10 Debtors 2024 2023 Prepayments and accrued income 578 578 530 530 Page 12
Holllngbury Park Pre-school Ltd Notes to the Accounts 11 Creditors: amounts falling due wlthin one year 2024 2023 Trade creditors Other taxes and social security Other creditors Accruals 9,295 367 9,295 136 294 1,899 11,624 2,005 11,935 12 Movement In funds IncomlnB resources At31 March 2024 At l Aprll (In¢ludlng other 2023 zalnsllosses) Resources expended Unrestrlcted fund$: General funds 916 126,575 185,642) 41,849 Totsl funds 916 126,575 185,642) 41,849 Incomln8 resources At31 March 2023 At l Aprll (Includlng other 2022 galns/losses) Resources expended Unrestrlrted funds: General funds Total fund5 6,889 6.889 77,916 77,916 (83,8891 183,889) 916 916 13 Analysls of net assets between funds Unrestrlcted funds At31 March 2024 Current assets Current Ilabilities 53,784 53,784 {11,935) (11,9351 41,849 41,849 Unrestrlcted funds At31 March 2023 Current assets Current liabilities 12,540 12,540 {11,624) (11,6241 916 916 Page 13
Holllngbury pa Prfrsthool Ltd Notes to the Accounts 14 Reconciliation of net debt At31 March 2024 At l April 2023 Cash Ilows Cash and cash equivalents 12,010 12.010 41,196 41.196 53,206 53,206 Net debt ,oio 41,196 53,206 15 Commitments Penslon commitinents 2024 2023 The pension cost charge to the company amounted to: 1,466 1,598 16 Related party dlsdosures Controlllng party The company is limited by guarantee and has no share capital: thus no single party controls the company. Page 14