REGISTERED COMPANY NUMBER 08355179 REGISTERED CHARITY NUMBER: 1150984 BARROW HILL PRE-SCHOOL (A COMPANY LIMITED BY GUARANTEE) Annual Report and Unaudited Financial Statements FOR THE YEAR ENDED 31st March 2024 lllNlll ¥AD5WF* J)7 COMPANIES HOUSE BARROW HILL PRE-SCHOOL (A COMPANY LIMITED BY GUARANTEE) Cotht¢nts YEAR ENDED 31 MARCH 2024 PAGE General inform*ion Indrp¢ndeDt ExamillcPs Rt￿rt Report of tbe Tnjstees 3to4 Ststrmeot of Fitia￿la1 kni¥iiie5 Batance Sheet Noks to thc FitWLcial Statctnents 7toll BARROW HJLL PRE.SCHOOL {A COMPANY LIMITED BY GUARAiYfEE) LEGAL AND ADMINISTRATIVE INFORMATION Tn￿tee$ A Rogan J Aristide {AnK)int¢d (knob¢r 2023) A Peto (Ap￿Art*d October 2023) N Madani (resi8ned July 2023) A Messis (resislled July 2023! B PagDello-Boyce (resi￿ July 2023) Charity NutAber 1150984 Company Numb¢T 8355179 Regiswed Office The Tenants Hall Barrow Hill Estste IA)ndon NW8 7BD Ei Voila Accountancy Servlces Limited Isis House Smith Road Wedneslyjry WSIOOPB BARROW HILL PRE.SCHOOL (A COMPANY LI￿￿TED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT T4) TRtJtsTEES OF BARROW HILL PRE￿HOOL I report to the Trusttts on my exomin3tiOn of the fina￿la] sfat¢mertts of Batrow Hill Pre. School (the charity) for the year etMtsI 31 March 2024. RespoDsibilities basis of report As the Trustees of th¢ ¢￿tty {and also for the puox)s¢s of 0)m￿ny1•w) you are reswjnsible for the preparatioo of the finarKial stst¢lD￿ in witb the TequiTemeDts of the Compatti¢$ Act 2006 (the 2006 Art). HaviDg satisfirJ] myself that the fuwKial s¢atements of th¢ clwity ¥r¢ nol r¢quite41 to be audited ut)d¢F P4rt 16 of thc 2006 Ad arG cligibl&foÈ illd4wth Gxamination, l FqJOrt In r• of my examination of the Clwity's fllwicial statem¢Dts wi¢d out seaion 145 of the Cbatities Act 2011 (tbe 2011 Ath). Ill cffjing out my examiDalioD I have followed all the atvlicable D]r￿ll0nS giv¢n by the Charity Commission und¢r Section 145(5Xb) of the 2011 Act. Indep¢nd¢D¢ ¢x4mIu¢￿s 8iatsment I hav¢ wmpleted tny eXami￿tIo￿ I confirni that no llthtters have a)rnc to my attetttLOn in CODbrctiDn with the ex8mination giving me ca￿ to believe that in atty ma*Tial fts￿. accounting records wtre not kept in respect of th¢ th￿11¥ as r¢quir¢d by Wlion 386 of th¢ 2006 Act. or the fill8nci￿ statemthts do not ￿1rd with those rec￿rdS. or the fitwKial s￿￿￿ents do not cornply with the accounting requirements of seKtion 396 of th¢ 2￿6 kn other than r¢4uirettTht the ￿A)uThts give a true and fair view which is the finallciaL ststements have not tteu prepared in a¢￿ with the methods and PTinciples of the Staiement of RecommeThJed Pla￿l¢C for accounting 8md rep)rtingby cbarities applicable to charitics prepariug their accounts in accordance with tbe Financial Rep)rting Stsndard applicable the UK and Republic of Ireland (FRS 102). I bave no and bave come across no othtt manets in connection with the eXaMin￿10n to wbiob attention should drawn in this in ord¢r to enable a pTh)￿ undetstandlng of the financia] tsterney￿ to ￿ reached. ET Voila A¢eouDtsn¢y Seryice5 Limited ISIS House Smith Road Wedn¢sburys wsIoopR Dated 14th May 2024 BARROW HILL PRE-SCHOOL (A COMPANY LiIKrrED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTOILS REPORT) For the Year Ende41 JI M&reh 2V24 The TtU5te¢s PTesent their onnual reryjrt fiDanci41 state￿eJts for the year ertded 31 March 2￿24 The finon¢ial ststements have beeD P[e[￿ttl ar4)￿ wtth tbe P￿￿Unting wjlicies 8¢t out iti Dote I to th¢ fuJan¢ial statemeftts and comply with the elwitys go7rtrninE document. th¢ CompaDi¢s Act 2CN)6 and"A¢￿untitis and Rewtrrtitig by Cbarilies: Sta*llwit of R¢comrneDded PTxÉi¢e applicable to charities preparing theiT acc4)unts in ac¢ordance with the Financial Re￿rtIll8 Standwd applicable in the UK and Republie of lrtlalld (FRS 102)" (as am¢Thd¢d for awunting puiod5 OULrn¢n¢ing from l January 2019) Obj¢¢tiva and 8elivltles The aim of the charity is ¢0 ¢nhan¢e th¢ dev¢loprnent and education of children ut¥kr slalutory school age in a porenvcarer environtnent. Tr pre-sclwl offers 8ppropri8te play, edUC￿lOn and ea [￿llitieS is regulatcd by Ofst&l. Thc charity serves the local commuoity aDd operates fTom a comrnunRty bulldln& BaTrow Hlll Pre-school welcomes 8Jl chlldren IKnveen the ages of 2-5. We offer opJy)rtwiiti¢s for children wbatever tbeir race. ¢￿￿tre. ability or means. We value divetsity and we Sup1￿ children with additional n¢eds. The Tnths have pd due reprd to guidall￿ isg*d b¥ the Charity Conllnissiot) io de¢id4 tivilies the pre.sch￿1 slKJuld ut&luth. Financial review The Pre-￿h(m)I receives the majority of its funds through f¢¢ inrorn¢ cbarged according to the liuDI￿TrOf Cbildren on its roll and ihe nvmber.of session5 atterdwj. iDc4)m¢ is PEiDW41y gov¢rnTn¢nt E8rly Years Funding grdnts for eligible cbildm eroployercbildcare v0￿ber 5themes or priv8t¢ f¢¢ payrn¢nts by the paren￿guardians of the children attending the setting. The charity also fillKI￿se5 through activili¢s SUPWrt¢d by its parent group and the local b￿sInesS cott)mutitty this yeor we had a community fate which took pl&¢ in the est4t¢ to Tgise ful￿ to take th¢ ¢hildr¢n to the beach which was a great experieDC¢ for the children we a150 periodi￿lY r¢c¢iv¢5 dOn￿￿On$ from Por¢nts. The pre.school also applies from time to lime for S￿IfiC grants, for example. for the pU￿b￿¢ of new pl&y ￿UIpment. EX￿ditUre is prirnartly staffand premises ¢￿sts and daily coDsurnables. Any incom¢ suTrlus is r¢taiued by th¢ Pr¢.￿kn1 for future reinvestsllent in the fa¢ilities of the school alld the activities aod curriculum it can offer th¢ children.The pre-school has desigDat¢d savings ae¢ourtt with fi￿dS ring fr￿ed from day to day usaBe. Tbe Treasurer of the Pre. school works closely with th¢ Monager of th¢ Pre4¢1￿1 #nd ¢ondu¢ts monthly finan¢ial recL•nciliations and ensutes appropriatr fioawial I￿)TdS aff kepL It is the policy of the pre-school Unrestrict￿ funds wbich have not desi￿ed for a wif1¢ us¢ should be maintained at a l¢v¢l ts4tsivalent to ￿tt¥e¢￿ thtt¢ aryA six month's exF*tiditure. The TTuslees consid¢TS that reserves * this l¢v¢l will eDgJre lI￿L in the event of a signifi￿1 thop in fundin& they will b¢ able to contlnue the pre-schwl's CUfTeDt xlivi￿e$ while coDsideraiioD is giveo to ways in which additiona] fimts may be raised. This l¢vel of rcserves h&$ been ￿￿1￿￿1ned thmugbout th¢ y¢ar. The TTUStees have assessed the major risks to which the pre.s(ay)ol is and are s&tisfied that syslems are in pla￿ to mit]￿te exFM)SUte to the major risks. Siructll￿ Eov¢fDaDC¢ maD8g¢4D¢o¢ Barrow Hill Pre-school is a company limited by 8iiaratr not havin8 4 share capitsl. It is a clwity and a Tnember of the Pre•school Leaming Alliance ("PLA"), an wnbTella clwity re8LSteted in England. The provisions ofthe Mod¢l kni¢les do appty to th¢ Pre-5¢h(KJl as ii ha5 adopted articles provided by th¢ Pre•s¢hool Learning AIIRance and any ctrthnges to its Articles of Association Can only be prop)sed to its Mem1￿ following WTitM approval by the PLA. The Tnjstees, are also the dyTe¢tots foT the pwFKJs¢ of eA)mtmry law. and WFX) s¢rved during the year and up to the date of signatse of the filla￿la1 sW¢ments were: A Ro8an J Aristide (Appointed Octoi*r 2023) A Peto (Appointed October 2023) N Maddni {￿41B￿¢d Iuly 2Q21) B Pagnello-Boyce (resign¢d July 2023) A Messis (resigned July 2023) Th¢ cornrnitte¢ member sl)all be elected for a terni of one yearat the AnmAI Meetin8. Retiring ConllnittK rn¢rnb¢rs are eligibl¢ for Te*lection unless ￿Y bave served OD the coll]mitt¢e in any capacity for six w1]s￿￿tive yfdrs. Th¢ twstees are elected by the or cbildren th¢ roll wbo are registered Mernb￿. All th￿l¢eS positioDS are unFthid. None of the In￿te¢S ha5 any benefici￿ interest in the CA)mpany. All of the trustees an D)embers of the ￿mpanY and guarentee to ¢ontribuie £1 in the eveni of a winding up. The group is managed day.tTrday by a qU￿}fied Pre•schTr)l Manag¢r together with a leam of appropri￿e1¥ qualified stsff. The setting also periodica]ly offers unpaid work exFtri¢nce to students S[￿jy1￿8 for early years qualificiatioL8. The trwees are tesp)nsible for finances, employing and matVd8in8 the stsff. and makiD8 sure thai the settitig wotts in pattrrship with the hildren'5 parent. The pre-school 15 regulated by Ofsted 8nd w&8 IL4t inspeeied in Deeernber 2023 r￿1vIng a"Good" tatin& All staff and TTUSt¢¢s IK)Id apptofft DBS (forn￿lY CRB) chth. The Truste¢s' r¢w)rt was 8pprov¢d by Bo8rd of Tnjstees. Adri¢nn P¢to T￿￿tee Dated.. 14th May 2024 BARROW HILL PRE.SCHOOL (A COMPANY BY LIMITED GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITLIRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 TO￿ Fu#ds Totsi Funds 2023 COME In¢om¢ from charitable ￿tivIties Inv¢slOtettt Income Other In¢om¢ 11&083 678 109,974 120 TOTAL INCOME 118,761 IiOJ94 EXPEY4DITURE Consumables and otheE direct Costs Governan￿ WA 7,067 13Q259 9.892 I l2.71Q TOTAL EXPENDITURE 137J26 122MI2 NET INCOMEI(EXPENDITURE {18.565) 111008) TraD$f¢r betw¢¢ty [￿*d$ (1Q565) (12.1)08) RECONCILIATION OF FUNDS Total fi￿d& brought forward 112JY4 124W2 TOTAL FUNDS CARRIED 112594 The ststemeni of finaD¢ial artivittes in¢lud¢s all Bains and losses te¢ognixd in th¢ year All incorne and Expenditutt derive frotn continuing activitie The stsiement of financi81 activiti¢$ aJs0 ¢1)mplie5 With the r¢quiJem¢nts for¥n incom¢ 8od ¢xpcnditut¢ O¢¢OLmt uThAtr tk C(Knpaoies A¢t 21KJ6. BARROW HILL PRE.SCHOOL (A COMPAIYY LIMITED BY GVARA14TEE) BALANCE SHEET 315¢ ￿lJr¢b 2024 21ll4 2023 FIXED ASSETS Tangible &ssets 170 220 Debtors Cash at bat)k 120 113,71J5 94212 94J32 113025 CREDtTORS: AmouDts falling due within ont year 1473) 11A51) NET CURRENT A&SETS 93159 112J74 TOTAL ASSETS LE&S CURREL¥T LIABILrfiES NET ASSETS 94.029 I12￿94 Income FuDdJ unrestrict￿ fijnds. General 94029 IW94 TOTAL FUNDS 941129 112594 The company is entitled to the exemption from the audit requirement ￿ntsined in se¢tion 477 of the Companies Act 2006, for the Ye￿ ended 31 March 2024 The directors acknowled8e their ￿pOUS]bIlitieS for complying with the Yequirement ofthe Companies Act 2006 with respECt to accounting record5 and the pteparntion of fiDancial 5tatement5. The m¢mbets have wt Twuired the WDpaThy W obthin an audit of its financi￿ stat¢tn¢nts for th¢ y¢ar in qu¢stion rdan¢¢ 5¢¢tion 476. The financial statements have prep3roJ in ￿￿rdance with the pmvftsions applicable to companies subjeLt to the srnall compaDi¢S ffgim¢. Th¢ financial swem¢nis wer¢ approved by the IT￿3t￿s on 14th May 2024 Adri Trustee Pa8e 6 BARROW HILL PRE-SCHOOL {A COMPANY LIMtTED BY GUARANTEE) P40tss to tbe finaDeial Ststements For thtye*r ended 31 Marth 21ll3 ACCOUNTING POLtClES Ch8rity iDforrnatioD Barrow Hill Pr&School is a wivate company limited by ￿ incorporated England and Wale5. The registered office 15 The TeTWlts Hall. Barrow Hill Eststy Allitsen Ro4 tA)ftdo￿ NW8 7BD. Aeeoutttitig eonveDtioD The financial ststem¢nts hav¢ been prepwed in accordance with the clllritys govemTng docum￿. the Comparri¢$ Act 2006 2nd"Accounting aDd Reporting by Clwiti¢s'. Ststrmenl of Recomrne￿ Practice applicable to cbarities (Nrpariog iheir aeeouttts in aeCOrd￿ with.the Finattcial Repffiirtg Sfandard applicable in the UK and Republi¢ of Jr¢l¥nd (FRS IW2) (effeaive l January 2019}". The charity is a Public B¢tt¢fit Entity &% defined by FRS 102. The charity ljas tsk¢n odv4ntsg¢ of the PTOVTrSiOnS illthe SORP for ¢TrwitiU 4)plyin8 FRS 102 UpJ* Bullet(ti l tsot to prepare 4 S¢a*ment of Cash Flows. The f]nanci81 statrn)ents are prepared in which is the fin￿lonal curtew of the charity. Monetay arnount5 in these finalleial statements are rowthd to the ￿artS1 £. Th¢ account5 have b¢¢n prepared un(kr the biAorical cost c¥)ftventiO￿ Tr ptincitd acxounting w]icies adopted ar¢ s¢1 out below. Colng eoneerD In light ofthe Tecent Covid-19 outtfftk in the UK ¥Thl th¢ lik¢ly rfODonu¢ diwion thatthi5 will cause. the Trustees bave Considered the impxt that this could have on the Comp￿￿5 affai￿. Lik¢ many bwin¢s5¢s th¢ results of the clwithble company is impacted by the health of the economy. Having considered thi& and taking into ac£ount 80vernmeni suppoo the Trustets expect the in)w on the C￿l￿ble compaJJy to ￿ limited to the short terni and therefore do not believe it to p)se a SI￿lficant risk to the long term prospects of the charity. A￿OrdInglY, th¢ Tru5t¢¢5 continu¢ to adopt the going corn b&%is of accourtling iti preparing the finaDcial stal¢ments for the year ¢nd¢d 31 March 2024. Charlt*ble fvttds Unrestticted funds are av#ilable for w¢ At th¢ disu¢tion of the Tn￿¢¢5 in of their tharitable objectives. In¢om¢ Income is recognised the charlty is Iylly &Kitled to it after any kthnmnct conditions have tttn met, the amoutbts b¢ mwured Teliably. and it i$ probabl¢ that in¢om¢ will k tteiv¢d. Cash donalions aTE recognised on receipt. Oth¢T donation5 reCO￿lsed onc¢ th¢ chaTity Iw b¢¢n notified of the donatioN unl¢&s p¢rfonnwKe conditions rwuire defeffral of the amounL IDcome lax T￿0verable in Telation to donations received under Gift Aid or detds of covenattt is ttcogllised at the tKme of the donation. Imerest on fjjttds held ott deposit is included rtteived by thc charity. Exp¢Dditure All r¢sourc¢s ¢Kp¢nd¢d ore recognixd owe th¢re isa legal orc4)ns￿ve obligation lo make payinent lo a third Clwitable activities include costs of educational activttie$ utMlettskeD to the PUTP)s¢s of the ¢h8rity. Govemartee costs wtrseot the c05t of the strategic rnanag¢tneDt of the and of wmplying with ¢onstibJlionaE and statutory T¢quiremertts. A¢£ounting polici¢s Itr¢coverabl¢ VAT is cbaT8td winst th¢ *ory of r¢sowtts eX￿ded for which it Wds incurred. Pw7 BARROW HILL PRE-SCHOOL (A COMPANY LIMITED BY GUARANTEE) 14o¢es to ibe fwaD¢i81 Statemettts Thnan¢i81 Ilabilities are dere&ognised the charity's contracnthl obligation5 expire OT are dis¢horged or Ca￿elled. 2. Ineoming resourees frow Charitabl¢ •¢tivi¢i¢J Flltydltsg from F￿DdIng fro pareuts 2024 p•reDts 2023 F￿￿Ing by Coullcil Funding from parents 63 J81 54.702 71.710 38264 118,083 109,974 3. Investment Ineome Uttrestrieted Unrestrleted getttr*l fuDds gener41 In*rest receivable 678 120 Other iD¢OIDIDg rtsourtts UDrestricted Unrestricted ds genernl g¢n¢rnl 2024 2023 Grant Ineom¢ Total exp¢ntsl 2024 2023 les and other direct C4)sts Support costs 7.067 Govemanrx Costs 5.532 20,523 103.694 50 I9,(￿3 91.459 73 2,113 Staff costs Depreciation and impairment de￿¢ThI ¢xaminer fees 130259 112.710 137326 Trustees Pa8e 9 BARROW EllLL PRE.SCHOOL (A COMPANY LIMITED BY GUARANfEE) Noteg to ¢he fiL¥D¢i•I Sta¢ements During th¢ year one Tnts (2022: on¢) rec¢iv¢d remuneration of £32.IMJ (2022. £29,258) for their serytces to the charity. Employefs Numb¢r of employees The avera8e monthly number of ¢mploy¢