2024-08-31-accounts - Pippins Pre School Crediton

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Trustees' Annual Report for the period

Period start date Period end date 01 09 2023 31 08 2024

From

Section A Reference and administration details

Charity name

Pippins Pre School (Crediton) Limited

Other names charity is known by PIPPINS PRE SCHOOL AND NURSERY

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Mrs Sharleen Treen	Manager		Pippins Pre School AGM
Kathy (Katherine) Cracknell	Chairperson & Safeguarding Lead		Pippins Pre School AGM
Emma Rundle	Vice Chairperson		Pippins Pre School AGM
Amy Adkin	Treasurer		Pippins Pre School AGM
Alexa Mototolea	Fundraising Lead		Pippins Pre School AGM
Carol Bergin	Secretary		Pippins Pre School AGM
Nigel Cooper	Health & Safety Officer		Pippins Pre School AGM
Laura Crang			Pippins Pre School AGM
Jacquline Hinson- Thomas		27/06/2024 – current	Pippins Pre School AGM
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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)


Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Charities Commission Standard Constitution (eg. trust deed, constitution) How the charity is constituted (eg. trust, association, company) Company limited by guarantee Trustee selection methods Appointed by Trustees and customers and elected at AGM, or co-opted by (eg. appointed by, elected by) Trustees, if during the year. Additional governance issues (Optional information) You may choose to include Please refer to all policies on our website: www.pippinspre-school.co.uk. 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.

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Section C Objectives and activities

Full day care nursery and pre-school delivering high quality care and education. At Pippins children learn in a stimulating, safe and curious environment where Summary of the objects of the activities are provided to support all areas of the EYFS. charity set out in its governing document Summary of the main Delivering high quality care and education and giving employment activities undertaken for the opportunities to the local community through our thorough recruitment public benefit in relation to procedure. We accept the Early Years Funding either 15/30 hours or these objects (include within stretched as well as 2 year old funding, and the new Government funding this section the statutory for children aged 2 years. declaration that trustees have We are also accepting the new Government funding for children aged had regard to the guidance from 9 months issued by the Charity Commission on public benefit) Additional details of objectives and activities (Optional information) You may choose to include £10 per person Trustee Director liability. They are volunteers who attend further statements, where meetings (face to face or virtual) and support the running of the setting. relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

We are running at full capacity and have a waiting list.
We have continually improved our setting with new equipment and resources
Hold numerous fundraising events/activities raising money for new toys and resources. And we now have a group of volunteers for our fundraising committee.
We continue to provide high quality childcare supporting the children’s development and learning.
Providing training opportunities for all staff to develop their CPD.

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Section E Financial review

Pippins has built up its reserve account this year and it is primarily for our Brief statement of the contingency fund which covers the setting in the event of closure. charity’s policy on reserves Details of any funds materially None – not applicable. 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);
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) Position (eg Secretary, Chair, etc) Date

March 2012

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Registration number.. 08538426 Pippins Pre School (Crediton) (A company limited by guarantee) Annual Report and Unaudited Financial Statements for the Year Ended 31 August 2024 SLqpletons Chartered Certified Accountants 4 Market Street Crediton Devon EX17 2AJ

Pippins Pre School (Crediton) Contents Company Infonnation Accountants, Report Profit and Loss Account Balance Sheet 4t06 Notes to the Unaudited Financial Sthiement5 Detailed Profit and Loss Account 7t09

Pippins Pre School (Crediton) Company Information Directors Mrs K Cracknell Mrs A Adkin Mrs A O E Mototolea Ms G M Martin Mr N H Cooper Ms J Hinson-Thomas Ms C Bergin Ms L Crang Ms E L Rundle Miss S Treen Company secret2ry Ms C Bergin Registered office Market Square House Market Street Crediton EX17 2BN Aecountants Stapletons Chartered Certified Accountants 4 Market Street Crediton Devon EX17 2AJ Page I

Chartered Certified Accountants, Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Pippins Pre School (Crediton) for the Year Ended 31 August 2024 Tn order to assist you to lfIl your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pippins Pre School (Crediton) for the year ended 31 August 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us. As a practising member finn of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements wbich are detailed at https'.Ilwww.accaglobal.conVgb/enlmemberlstandards/rules-and-standards/rulebook.html . This report is made solely to the Board of Directors of Pippins Pre School {C.rediton), as a body, in accordance with the temis of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pippins Pre School (Credilon) and state those matters that we have agreed to state to the Board of Directors of Pippins Pre School (Crediion). as a Ix)dy. in this report in accordance with the requirements of the Association Chanered Certified Accountants as detailed at http'.l/www.accaglobal.comlgblen/technical-activities/technical-resources-search120091 octoberlfactsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pippins Pre School (Crediton) and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Pippins Pre School (Crediton) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, fmancial position and proflt of Pippins Pre School (Crediton). You consider that Pippins Pre School (Crediton) is exempt from the statutory audit requirement for the year. We have not been instructcd to carry out an audit or a revie.- of the accounts of Pippins Prc School (Crcditon). For this rcason, wc have noi verificd the accuracy or compleicness of the accounting records or infonnation and explanations you have given to us and iyc do not. therefoic. express any opinion on the statutory accoLmts. Stapletons Chartered Certified Accountant5 4 Market Street Crediton Devon EX17 2AJ 16 Octobcr 2024 Page 2

Pippins Pre School (Crediton) Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Turnovcr 527,333 452,036 Other income 1.050 638 Staff costs {442,202) (378.948) Other charges (72.219) (66,780) Surplus for the year 13,962 6.946 Page 3

Pippins Pre School (Crediton) (Registration number: 08538426) Balance Sheet as at 31 August 2024 2024 2023 Current assets 113,996 104,011 Prepayments and accrned income 5,019 3,275 Credilors: An]ounls falling due within one year (2,451) (4,684) 116,564 102,602 Rcscrvcs 16,564 102,602 Page 4

Pippins Pre School (Crediton) (Registration number: 08538426) Balance Sheet as at 31 August 2024 l General information The company is a Lompany limited by guarantee. in¢oTPOTated in England and Wales, and consequently does not have shaTe capital. EdLh of the members is liable to Contribute an amount not exceeding £10 towards the assets of the company in the ¢venl of liquidation. The address of its registered office is= Market Square House Market Street Crediton EX17 2BN These financial statements were authorised for issue by the Board on 16 October 2024. Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-enlities Regime,. 2 Staff numbers The average number of persons employed by the company (including directors) during the year, was 28 (2023 - 27). For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relaking to small companies. Dir¢¢tors' r¢sponsibiliti¢s'. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknow'ledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Page 5

Pippins Pre School (Crediton) (Registration number: 08538426) Balance Sheet as at 31 August 2024 Thc8c financial statemcnts have bcen prepared in accordance with the micro-entity provisions of the Companics Act 2006 and dclivered in accordancc with thc provisions applicablc to companics subject to the small companics rcgime. Approved and authorised by the Board on 16 October 2024 and signed on its behalf by.. Mrs K Cracknell Director Mrs A Adkin Director Mrs A O E Mototolea Director Ms C Bergin Company secretary and director Page 6

Pippins Pre School (Crediton) Detailed Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Turnovcr (analyscd bclow} 527,333 452,036 Gross surplus (°/0) IdU¥v Administrative expenses Employment costs (analysed beloTh') Establislllnent costs (analysed below) General administrative expenses (analysed below) Finance charges (analysed below) (442,202) (31,128} (39,970} 11 101} (378.948) (28,503) (37,333) (944) (445,728) (514,401) Opcrating surplus Other interest receivable and similar income {analysed below) Interest payable and similaT Charges (analysed below) 12,932 1,050 (20} 6,308 638 1.030 638 Surplus before tax 13,962 6,946 This page does not form part of the statutory finrmcial statements. Page 7

Pippins Pre School (Crediton) Detailed Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Turnover Fe¢s DCC/EaTly years funding FundTaising Donations Uniform sales (children) Sundries Apprentice grant 332,655 188,317 4.041 120 28 .172 1,000 279,516 163,005 3,154 5.684 97 80 500 527,333 452,036 Employment eosts Wages and salaries Staff NIC (Employers) Staff pensions Training {419,123) (15,226) (5,678) 12,175) (363.717) (12,005) (3,226) (378,948) (442.202) Establishment costs Rent Business rates (14,922} (799) (1.613) (5.825) (4.158} (1,489} (2,322} (13,463) (590) (1,802) (5,664) (3,872) (1,124) (1,988) Water rates Electricity and gas Insuran¢¢ Electrical PAT testing and fire service General property repairs and renewals (31,128} (28,503) General administrative expenses Telephone and internet Photocopier rental Computer software Postage and stationery Consumables Staff and children5 uniform Toys and equipment Miscellaneous items Cleaning Fundraising costs Advertising Accountancy fees Ofsted fees DBS checks (1.627) (972) (1.577} (623) (8,910} (906) (5,847} (3,090) (10,225) (455) (514) (910) (255) (64} (1,356) (1,028) (1,326) (935) (7,168) (449) (7,070) (3,211) (7,313) (492) (641) (927) (255) (156) This page does not form part of the statutory finrmcial statements. Page 8

Pippins Pre School (Crediton) Detailed Profit and Loss Account for the Year Ended 31 August 2024 2024 2023 Legal and professional fees Bad debts ThTitten off (3,995) (4,714) 292 (39,970} (37,333) Finance charges Bank charges (I,ioi} (944) Other interest receivable and similar income Bank interest receivable 1,050 638 Interest pa)'able and similar expenses OtheT interest payable (20} This page does not form part of the statutory finrmcial statements. Page 9