**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
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17
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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** **TAR** March **2012** 1 |**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: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - 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** **TAR** March **2012** 2 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 3 ## Section D Achievements and performance Looked after over 40 children. **Summary of the main achievements of the charity during the year** **TAR** March **2012** 4 ## **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. - how expenditure has supported the key objectives of the charity; - 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 **TAR** March **2012** 5 **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 t￿te¢.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