To
Trustees' Annual Report for the period
Period start date Period end date 01 09 2022 31 08 2023
From
Section A Reference and administration details
Charity name Other names charity is known by Registered charity number (if any) 1151931
The Hullbridge Preschool
Charity's principal address Riverside Primary School Ferry Road Hullbridge, Essex Postcode SS5 6ND
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| KristySangwin | Committee Member | |||
| Catherine Jones | Chair | |||
| Donna Thresher | Treasurer | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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| Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
| Donna Thresher - Managing Director |
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document (eg. trust deed, constitution) Company How the charity is constituted (eg. trust, association, company) Vote Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
To care for 2-5 year old in a sessional Preschool.
Summary of the objects of the charity set out in its governing document
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To care for and educate children in a preschool setting. Providing funded and non funded places.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Looked after over 40 children. Summary of the main achievements of the charity during the year
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Section E Financial review
We hold a 5% reserve as a back up fund to cover redundancies.
Brief statement of the charity’s policy on reserves
Details of any funds materially
in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
Primary source = Fees. Secondary source = Fundraising Tertiary Source - Grants
Money is ploughed back into the preschool to update the equipment and train staff as set down by the legislation.
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Catherine Jones Position (eg Secretary, Chair, Chair etc) Date 28/03/24
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Company registration number: 08375853
The Hullbridge Pre-School Ltd Company limited by guarantee
Unaudited financial statements
31 August 2023
The Hullbridge Pre-School Ltd Company limited by guarantee
| Contents | ||
|---|---|---|
| Page | ||
| Directors and other information | 1 | |
| Director's report | 2 | |
| Statement of comprehensive income | 3 | |
| Statement of financial position | 4 - 5 | |
| Notes to the financial statements | 6 - 9 |
The Hullbridge Pre-School Ltd Company limited by guarantee
Directors and other information
Director Miss Donna Thresher Company number 08375853 Registered office Ferry Road Hullbridge Essex SS5 6ND Business address Ferry Road Hullbridge Essex SS5 6ND Accountants Reddish Accountancy Services 125 Richmond Avenue Shoeburyness Southend On Sea Essex SS3 9LF
Page 1
The Hullbridge Pre-School Ltd Company limited by guarantee
Director's report Year ended 31 August 2023
The director presents her report and the unaudited financial statements of the company for the year ended 31 August 2023.
Director
The director who served the company during the year was as follows:
Miss Donna Thresher
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 November 2023 and signed on behalf of the board by:
Miss Donna Thresher Director
Page 2
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of comprehensive income Year ended 31 August 2023
| 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Turnover | 198,942 | 147,154 | ||||
| Cost of sales | ) (1,553 |
(1,924 | ) | |||
| Gross profit | 197,389 | 145,230 | ||||
| Administrative expenses | (169,388 | ) | (143,025 | ) | ||
| Operating profit | 28,001 | 2,205 | ||||
| Profit before taxation | 6 | 28,001 | 2,205 | |||
| Tax on profit | - | - | ||||
| Profit for the financial year and total | ||||||
| comprehensive income | 28,001 | 2,205 |
All the activities of the company are from continuing operations.
The notes on pages 6 to 9 form part of these financial statements.
Page 3
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of financial position 31 August 2023
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2023 £ 22,072 176 92,105 92,281 ) (19,965 |
£ 22,072 72,316 94,388 94,388 94,388 94,388 |
2022 £ 26,630 10,420 46,933 57,353 ) (17,596 |
£ 26,630 39,757 |
|---|---|---|---|---|
| 66,387 | ||||
| 66,387 | ||||
| 66,387 | ||||
| 66,387 |
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 6 to 9 form part of these financial statements.
Page 4
The Hullbridge Pre-School Ltd Company limited by guarantee
Statement of financial position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023, and are signed on behalf of the board by:
Miss Donna Thresher Director
Company registration number: 08375853
The notes on pages 6 to 9 form part of these financial statements.
Page 5
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements Year ended 31 August 2023
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is Riverside Primary School, Ferry Road, Hullbridge, Essex, SS5 6ND.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Page 6
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2023
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Plant and machinery | - | 25% | reducing balance |
|---|---|---|---|
| Fittings fixtures and equipment | - | 10% | straight line |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
The liability of each member is limited to £1, being the amount that each member undertakes to contribute to the assets of the company in the event of its being wound up while he or she is a member, or within one year after they cease to be a member.
Page 7
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2023
5. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 12).
6. Profit before taxation
Profit before taxation is stated after charging/(crediting):
| 2023 £ Depreciation of tangible assets 4,558 7. Tangible assets Fixtures, fittings and equipment £ Cost At 1 September 2022 and 31 August 2023 45,597 Depreciation At 1 September 2022 18,967 Charge for the year 4,558 At 31 August 2023 23,525 Carrying amount At 31 August 2023 22,072 At 31 August 2022 26,630 8. Debtors 2023 £ Trade debtors 176 Other debtors - 176 |
2022 £ 4,560 |
|---|---|
| Total £ 45,597 |
|
| 18,967 4,558 |
|
| 23,525 | |
| 22,072 | |
| 26,630 | |
| 2022 £ - 10,420 |
|
| 10,420 |
Page 8
The Hullbridge Pre-School Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 August 2023
9. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Social security and other taxes Other creditors |
2023 £ 18,508 570 887 19,965 |
2022 £ 15,665 1,174 757 |
| 17,596 |
Page 9
The Hullbridge Pre-School Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
The Hullbridge Pre-School Ltd Company limited by guarantee
Detailed income statement Year ended 31 August 2023
| Turnover Fees funding Fees non funded pupils Fundraising and other income Direct needs fund Cost of sales Purchases Gross profit Overheads Administrative expenses Wages and salaries Pensions Staff training and welfare Rent Insurance Repairs and maintenance Printing, postage and stationery Advertising Telephone Professional fees Accountancy fees Sundry expenses Donations Subscriptions Depreciation Operating profit Profit before taxation |
2023 £ 127,171 63,740 255 7,776 198,942 1,553 1,553 197,389 85,982 1,890 232 6,032 596 2,247 131 539 172 65,085 825 824 - 275 4,558 169,388 28,001 28,001 |
2022 £ 91,277 51,142 620 4,115 |
|---|---|---|
| 147,154 1,924 |
||
| 1,924 | ||
| 145,230 80,475 2,400 975 6,033 554 410 86 86 355 45,000 750 178 703 460 4,560 |
||
| 143,025 2,205 2,205 |
THE HULLBRIDGE PRE4CHOOL LTD INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HULLBRIDGE PRE-SCHOOL YEAR ENDED 31 AUGUST 2023 I report on the accounts of the charity. for ihe year ended 31 August 2023 sel out on page5 2 fo 9. RESPECTIVE RESPONSIBILITIES OF TRbSTEE'S AND INDEPENDENT EXAMINER -rhe charity's Irusiee s are responsible for the preparaiion of the accounts. The charily's tte¢.5 consider Ihat an audii is not required for this i'eaF (under seciion 14) of the ?01 l Acll. and that an independent examination is required. It is my responsibility to.. examine the acrounts" to follow the procedures laid down in the General Directions gi.en by ihe Charity Commission; to state whether particular matter5 have come io mi. attention. BASIS OF INDEPENDELYT EXAMINER'S ST.4TEIIENT M}. examination i¥as carried our in accLird3nLe iiith Ihe General Directions given by the Charity ComTniSSiOll. An examination in¢lude5 a rei.ieii of the accouniino records kept b!, Ihe chariiy and a comparison of the accounts prt5enied li iih those records. It also includes consideraiion of any unusual iieins or disclosures in the accounts. and seekin(Y e.Kplanaiions trom i.ou as trustee s concerning any such matters. The procedures undertak.tn do not proi ide all the ei idence ihat ivould be required in an audit, and consequentli" I do noi express an audit opinion on iiheiher the accounts present a'true and fair view,. INDEPENDEf*T Ek41IlNER'S ST.4TE_IIENT In connection ivith m!. examinaiion. no matrer has come 10 mk" arreniion.. ( l ) which gives mc rcknonable cause io belie¢ ihat in an%. material respe The irustee's have not met the requirements to ¢n5ur¢ that.. proper accounting records are kept (in accordance wilh seciion 130 of the Act):. and accounts are prepared which agree with the a¢¢ouniing records and comply with the accounting requirements of the Act- or (2) to which. in rn!. opinion. attention Should be drdwn in order io enable a proper undersianding of the accounts io be reached. Stephen Reddish Independent Exatniner Reddish Accouniancy Services Limited 125 Richmond Avenue. ShoebuTh'ness, Essex. SS3 9LF