2023-08-31-accounts - Alburgh With Denton Pre-School Nursery

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Alburgh with Denton Pre-School Nursery

Unaudited

Trustee�s Report and Financial Statements For the Year Ended 31st August 2023

Registered Charity Number 1156482

Alburgh with Denton Pre-School Nursery

Trustee�s Report and Financial Statements

Year Ended 31[st] August 2023

Contents	Page
Charity Information	1
Trustee�s Annual Report	2 to 4
Independent Examiner�s Report to the Trustees	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 12

Alburgh with Denton Pre-School Nursery

Charity Information

Year Ended 31[st] August 2023

Trustees

Charity Registered Number

Principal Office

Independent Examiner

Hannah King (Chair) Jen Mills Marion Brown Amie Marshall Rob Godsmark Marian Hultoana Amie Marshall

1156482 School Road Alburgh Harleston Norfolk IP20 0BW

Annatrice Limited Chartered Certified Accountant Registered Auditor 10, The Thoroughfare Harleston Norfolk IP20 9AX

Alburgh with Denton Pre-School Nursery

Trustee�s Annual Report

Year Ended 31[st] August 2023

The Trustees presents its annual report together with the financial statements of Alburgh with Denton Pre-School Nursery (the charity) for the year ended 31[st] August 2023. The financial statements comply with the Charities Act 2011 and the Statement of Recommended Practice: �Accounting and Reporting by Charities� (FRS 102). The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission�s guidance on public benefit.

Structure, governance and management

Constitution

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable it to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The charity is a Charitable Incorporated Organisation (CIO) association registered 2014.

Trustees

The following trustees served office during the year:

Hannah King (Chair)
Jen Mills
Marion Brown
Rob Godsmark
Marian Hultoana
Amie Marshall

Method of Appointment or Election of Trustee

The charity has a board of trustees as listed above. The trustees are appointed by the members of the charity at the Annual General Meetings.

Organisational Structure and Decision Making

The Board of Trustees meets regularly and is the principal decision-making body of the company although day to day management is delegated to the management team employed by the charity.

Risk Management

The Trustees has considered the risks the Charity faces and has concluded that there are no major risks at this time. A review of risks is made on a regular basis.

Alburgh with Denton Pre-School Nursery

Trustee�s Annual Report (continued)

Year Ended 31[st] August 2023

Objectives and Activities

Policies and Objectives

The objects of the charity are the development and education of children and young people by: 1) promoting their care and safety; 2) promoting their education and promoting parental involvement; 3) promoting their health and wellbeing; 4) providing services to support them and their families and carers; 5) providing services to individuals holding membership of the CIO; and 6) furthering the aims of the pre-school learning alliance.

Public Benefit

The board of trustees has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined in this document clearly demonstrate that the charity is providing a benefit to the public.

Activities

In order to achieve the principal objectives, set out above, the charity provides a variety of activities. It operates two Ofsted registered Early Years Settings, one within the grounds of Alburgh with Denton Primary School and one in the grounds of Harleston Primary School. Relevant registers include the Early Years Register, Compulsory Childcare Register, Voluntary Childcare Register. Pre-school care is offered to 2-5 year olds through local authority funded and privately paid for places. The settings also offer breakfast club, after-school club and holiday club services for primary school age children of local users.

Achievements and performance

Review of Activities

Throughout the year both settings have continued to provide high quality childcare for families in Harleston and the surrounding rural areas. Staff have worked hard to continue to provide high value, affordable childcare as the cost of living crisis hits. The latter in turns creates challenges as we, the Trustees and Manager, want to reward and retain our hard working staff whilst trying to avoid increasing fees for our families.

Both settings have been subject to Ofsted reviews and currently hold ratings of �Good�. The Trustees continue to be grateful to the hard work and dedication of our staff in achieving this. The Manager and staff at both settings continue to take various pro-active steps to maximise opportunities for training, development and co-ordinated working with stakeholders, including two of the team becoming trained as Communication Champions.

Both settings continue to offer valuable holiday club places at a time when many have been withdrawn elsewhere, and we recognise the need to raise awareness of our settings going forward, in particular the more rurally based Alburgh premises.

Financial review

Total income for the year on an accruals basis is £322,400 (2022: £313,974). Total net incoming resources, after all operational expenses, is £11,295 (2022: £7,992). Free reserves (unrestricted funds excluding fixed assets) at the end of the financial year was £74,939 (2022: £60,760).

Reserves Policy

The Trustees considered what reasonable unrestricted reserves we should look to retain to ensure we can cope with financial challenges that might arise. Having looked at the risks to our income streams and the short and long term expenditure commitments we have, and after allowing for possible unplanned expenditure that may be needed, it was agreed we would look to keep free reserves (unrestricted funds excluding fixed assets) of £100,000. This figure will be reviewed when we set the next annual budget.

Plans for the future

We will continue to proceed with caution regarding expenditure, whilst providing essential community childcare services. We aim to continue to provide and raise awareness of the Alburgh setting and our holiday clubs for local families, and will support the Manager as she investigates opportunities to maximise administrative and financial efficiencies for the latter through use of technology/apps.

Trustees� Responsibility Statement

Alburgh with Denton Pre-School Nursery

Trustee�s Annual Report (continued)

Year Ended 31[st] August 2023

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity�s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

This report was approved by the Trustees on ��..�� and signed on its behalf by:

��

Print Name ��.� Trustee

Independent Auditors Report

to the Trustees of Alburgh with Denton Pre-School Nursery (continued)

Year Ended 31[st] August 2023

I report on the financial statements of the charity for the year ended 31st August 2023 set out on pages 6 to 12.

This report is made solely to the charity�s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity�s Trustees those matters I am required to state to them in an Independent examiner�s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity�s Trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the charity�s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (�the Act�).

I report in respect of my examination of the charity�s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement � emphasis of matter

Since the charity�s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a �true and fair view� which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

==> picture [66 x 23] intentionally omitted <==

Mr Anthony James Brice FCCA, Director For and on behalf of Annatrice Limited Chartered Certified Accountant and Registered Auditor 10, The Thoroughfare Harleston Norfolk IP20 9AX

Date: ��..

Alburgh with Denton Pre-School Nursery

Statement of Financial Activities

Year Ended 31[st] August 2023

		Unrestricted	Restricted	Total	*Total*
		Funds	Funds	Funds 2023	*Funds 2022*
	Note	£	£	£	£
Incoming Resources
From generated funds
Voluntary income	3	1,089	5,000	6,089	862
Investment income	4	270	-	270	8
Charitable activities	5	316,041	-	316,041	313,104
Other incoming resources	6	-	-	-	-
Total incoming
Resources Resources Expended		317,400	5,000	322,400	*313,974*
Charitable activities
Direct charitable	7	303,734	871	304,605	299,661
expenditure
Costs of generating funds		2,244	-	2,244	1,034
Governance costs	8	4,256	-	4,256	5,287
Total resources
expended		310,234	871	311,105	*305,982*
Net (outgoing)/incoming
Resources		7,166	4,129	11,295	*7,992*
Transfers between funds	12	5,000	(5,000)	-	-
Net movement in Funds		12,166	(871)	11,295	*7,992*
Reconciliation of Funds
Balances brought forward		107,892	13,143	121,035	113,043
Balances carried forward		120,058	12,272	132,330	*121,035*

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 8 to 13 form part of these financial statements.

Alburgh with Denton Pre-School Nursery

Balance Sheet

Year Ended 31[st] August 2023

Note d assets gible assets 9 ent assets tors 10 h at bank and in hand ditors: ounts falling due in one year 11 current assets al assets less ent liabilities g term liabilities al net assets resented by: estricted funds 12 ricted	2023 £ £ 48,604 8,520 81,664 90,184 (6,458) 83,726 132,330 - 132,330 120,058 12,272 132,330	*2022* £ 5,547 77,082 82,629 (13,082)	£ 51,488 69,547 121,035 - *121,035*	£ 51,488 69,547
			107,892 13,143 *121,035*

These financial statements were approved by the Trustees on ��.and are signed on its behalf by;

��

Print Name ��..�. Trustee

The notes on pages 8 to 12 form part of these financial statements.

Alburgh with Denton Pre-School Nursery

Notes to the Financial Statements

Year Ended 31[st] August 2023

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

a) Basis of accounting

Alburgh with Denton Pre-School Nursery is Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales and governed in accordance with an Association constitution. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity�s operations and principal activities are described in the Trustees� Report.

The charity constitutes a public benefit entity as defined by FRS 102.The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. Assets are stated at cost less impairments which are charged to the statement of financial activities. The financial statements are prepared in sterling which is the functional currency of the charity

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole.

c) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income is received by way of donations and gifts and is included in full in the SOFA when receivable. Grants and donations are recognised when receivable.

Investment income along with any recoverable income tax is recorded when receivable. Gift aid reclaimable on donations to the charity is included with the amount received.

d) Resources expended

Expenditure is recognised in the accounts on an accruals basis and includes any irrecoverable VAT. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

e) Fixed assets

Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

Alburgh with Denton Pre-School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2023

2. Taxation

Alburgh with Denton Pre-School Nursery is a registered charity and is therefore exempt from direct taxation. It is unable to reclaim value added tax, which is included under the various relevant expenditure headings.

3. Voluntary Income

		Unrestricted	Restricted	Restricted	*Total*
		Funds 2023	Funds	2023	*Funds 2022*
			£		£
	Fundraising	160		-	521
	Grants receivable	-	5,000		-
	Donations	929		-	341
		1,089	5,000		*862*
4.	Investment Income
			Unrestricted		*Total*
			Funds	2023	*Funds 2022*
			£		£
	Bank interest receivable			270	8
	Other interest receivable			-	-
				270	8
5.	Charitable Activities
			Unrestricted		*Total*
			Funds	2023	*Funds 2022*
			£		£
	Fees received from local authorities		228,778		223,608
	Fees received from parents and guardians		87,263		89,476
	Income from other charitable activities			-	20
	Total		316,041		*313,104*
6.	Other Incoming Resources
			Unrestricted		*Total*
			Funds	2023	*Funds 2022*
			£		£
	Other income			-	-
				-	-
	Total			-	-

Alburgh with Denton Pre-School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2023

7. Analysis of Charitable Expenditure

Direct charitable services

	Unrestricted Restricted	Unrestricted Restricted	*Total*
	Funds 2023 Funds	2023	*Funds 2022*
	£		£
Wages	257,004	-	245,085
Refreshments	3,850	-	3,698
Consumables	3,683	-	5,700
Equipment	2,398	-	1,954
Administration	11,902	-	16,108
Premises costs	8,632	-	8,043
General	8,808	-	9,300
Depreciation of tangible fixed assets	7,457	871	9,773
Other	-	-	-
	303,734	871	*299,661*

The average number of staff employed by the charity during the financial year was 13 (2022: 13). No employee received remuneration amounting to more than £60,000 in either year.

8. Governance Costs

	Unrestricted	*Total*
	Funds 2023	*Funds 2022*
	£	£
Insurance	2,406	1,037
Legal and professional fees	830	3,128
Independent examiners fees	1,020	1,122
Total	4,256	*5,287*

During this and the preceding year none of the trustees received any remuneration, benefits in kind or reimbursement of expenses incurred on behalf of Alburgh with Denton Pre-School Nursery.

9. Tangible fixed assets

Property Fixtures & Equipment Improvements Fittings £ £ £ Cost Brought forward 18,744 15,108 79,314 Additions 4,166 - 1,278 Disposals - - - Carried forward 22,910 15,108 80,592 Depreciation Brought forward 3,036 9,130 49,512 Charge for the year 916 1,196 6,216 Elimination on disposal - - - Carried forward 3,952 10,326 55,728 Net book value Carried forward 18,958 4,782 24,864 Brought forward *15,708* *5,978* *29,802*	Total £ 113,166 5,444 - 118,610	Total £ 113,166 5,444 - 118,610
		61,678 8,328 - 70,006
		48,604
		*51,488*

Alburgh with Denton Pre-School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2023

10. Debtors: Amounts falling due within one year

2023 £ Trade debtors 7,125 Other debtors 1,395 Total 8,520 11. Creditors: Amounts falling due within one year 2023 £ Trade creditors 940 Social security and other taxes - Other creditors 5,518 Total 6,458 12. Statement and Summary of Funds Balance Incoming Outgoing & Brought Forward Transfers Carried as restated £ £ £ Unrestricted funds General funds 107,892 317,400 (305,234) Restricted funds NCC grant for site works 13,143 - (871) Other NCC - 5,000 (5,000) 13,143 5,000 (5,871)	*2022* £ 4,096 1,451 *5,547* *2022* £ 818 6,049 3,598 *10,465* Balance Forward £ 120,058	*2022* £ 4,096 1,451 *5,547* *2022* £ 818 6,049 3,598 *10,465*
		12,272 - 12,272

The Norfolk County Council (NCC) grant for site works and equipment was provided to contribute to the costs of making the expanding pre-school fit for purpose. Some of the grant money was provided to reimburse expenditure incurred in previous periods and an amount equal to those costs has been transferred between reserves. A further £5,000 was received from NCC during financial year 22/23 to cover expenditure already incurred during financial year 21/22 and this has been transferred to the unrestricted fund.

13. Analysis of net assets between restricted and unrestricted funds

Other Net Fixed Assets Assets £ £ Restricted funds 3,485 8,787 Unrestricted funds 45,119 74,939 48,604 83,726	Total £ 12,272 120,058
	132,330

14. Related Party Transactions

There were no related party transactions during this or the preceding year.

Alburgh with Denton Pre-School Nursery

Notes to the Financial Statements (continued)

Year Ended 31[st] August 2023

16. Comparative Statement of Financial Activity Unrestricted Restricted Total *Total* Funds Funds Funds 2022 *Funds 2021* Note £ £ £ £ Incoming Resources From generated funds Voluntary income 3 612 250 862 1,093 Investment income 4 8 - 8 12 Charitable activities 5 313,104 - 313,104 245,405 Other incoming resources 6 - - - - Total incoming Resources 313,724 250 313,974 *246,510* Resources Expended Charitable activities Direct charitable 7 298,322 1,339 299,661 307,010 expenditure Costs of generating funds 1,034 - 1,034 899 Governance costs 8 5,287 - 5,287 5,620 Total resources expended 304,643 1,339 305,982 *313,529* Net (outgoing)/incoming Resources 9,081 (1,089) 7,992 *(67,019)* Transfers between funds 12 - - - - Net movement in Funds 9,081 (1,089) 7,992 *(67,019)* Reconciliation of Funds Balances brought forward 98,811 14,232 113,043 180,062 Balances carried forward 107,892 13,143 121,035 *113,043*	16. Comparative Statement of Financial Activity Unrestricted Restricted Total *Total* Funds Funds Funds 2022 *Funds 2021* Note £ £ £ £ Incoming Resources From generated funds Voluntary income 3 612 250 862 1,093 Investment income 4 8 - 8 12 Charitable activities 5 313,104 - 313,104 245,405 Other incoming resources 6 - - - - Total incoming Resources 313,724 250 313,974 *246,510* Resources Expended Charitable activities Direct charitable 7 298,322 1,339 299,661 307,010 expenditure Costs of generating funds 1,034 - 1,034 899 Governance costs 8 5,287 - 5,287 5,620 Total resources expended 304,643 1,339 305,982 *313,529* Net (outgoing)/incoming Resources 9,081 (1,089) 7,992 *(67,019)* Transfers between funds 12 - - - - Net movement in Funds 9,081 (1,089) 7,992 *(67,019)* Reconciliation of Funds Balances brought forward 98,811 14,232 113,043 180,062 Balances carried forward 107,892 13,143 121,035 *113,043*	16. Comparative Statement of Financial Activity Unrestricted Restricted Total *Total* Funds Funds Funds 2022 *Funds 2021* Note £ £ £ £ Incoming Resources From generated funds Voluntary income 3 612 250 862 1,093 Investment income 4 8 - 8 12 Charitable activities 5 313,104 - 313,104 245,405 Other incoming resources 6 - - - - Total incoming Resources 313,724 250 313,974 *246,510* Resources Expended Charitable activities Direct charitable 7 298,322 1,339 299,661 307,010 expenditure Costs of generating funds 1,034 - 1,034 899 Governance costs 8 5,287 - 5,287 5,620 Total resources expended 304,643 1,339 305,982 *313,529* Net (outgoing)/incoming Resources 9,081 (1,089) 7,992 *(67,019)* Transfers between funds 12 - - - - Net movement in Funds 9,081 (1,089) 7,992 *(67,019)* Reconciliation of Funds Balances brought forward 98,811 14,232 113,043 180,062 Balances carried forward 107,892 13,143 121,035 *113,043*	16. Comparative Statement of Financial Activity Unrestricted Restricted Total *Total* Funds Funds Funds 2022 *Funds 2021* Note £ £ £ £ Incoming Resources From generated funds Voluntary income 3 612 250 862 1,093 Investment income 4 8 - 8 12 Charitable activities 5 313,104 - 313,104 245,405 Other incoming resources 6 - - - - Total incoming Resources 313,724 250 313,974 *246,510* Resources Expended Charitable activities Direct charitable 7 298,322 1,339 299,661 307,010 expenditure Costs of generating funds 1,034 - 1,034 899 Governance costs 8 5,287 - 5,287 5,620 Total resources expended 304,643 1,339 305,982 *313,529* Net (outgoing)/incoming Resources 9,081 (1,089) 7,992 *(67,019)* Transfers between funds 12 - - - - Net movement in Funds 9,081 (1,089) 7,992 *(67,019)* Reconciliation of Funds Balances brought forward 98,811 14,232 113,043 180,062 Balances carried forward 107,892 13,143 121,035 *113,043*
			307,010 899 5,620 *313,529*
9,081 - 9,081 98,811 107,892	(1,089) - (1,089) 14,232 13,143	7,992 - 7,992 113,043 121,035	*(67,019)* - *(67,019)* 180,062
			*113,043*