Company number: CE000883 Charity number: 1156586
Kennington Pre-School CIO
Unaudited Report & Financial Statements
for the year ended
31 March 2024
Wenn Townsend
Chartered Accountants
Oxford
Kennington Pre-School CIO
Reference and Administrative Details of the Charity for the year ended 31 March 2024
| Status | Kennington Pre-School CIO is a charitable incorporated organisation and |
|---|---|
| registered as a charity | |
| Company Number | CE000883 |
| Charity Number | 1156586 |
| Registered Office | Kennington Playgroup |
| The Avenue | |
| Kennington | |
| Oxford | |
| OX1 5PP | |
| Trustees | Katie Whelan (Chair) |
| Katherine Bevan | |
| Mandeep Jagdev-sidhu (Treasurer). | |
| Independent Examiner | Lee Baker FCA, Partner |
| Wenn Townsend | |
| 30 St Giles | |
| Oxford | |
| OX1 3LE |
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Kennington Pre-School CIO
Trustees’ Report for the year ended 31 March 2024
The Trustees have pleasure in submitting our report and financial statements for the year ended 31 March 2024.
Constitution and Organisation
Kennington Pre-School CIO is a charitable incorporated organisation registered by the Charity Commission and governed by a constitution dated 8th April 2014 and amended 3rd February 2022.
Objectives of the charity
The objects for which the charity is established are:
The charity works for the public benefit having as its objects the development and education of children and young people in particular by:
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Promoting their care and safety;
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Promoting their education and promoting parental involvement;
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Promoting their health and wellbeing;
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Providing services to support them and their families and carers;
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Providing services to individuals holding membership of the CIO; and
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Furthering the aims of the pre-school learning alliance.
Public benefit
The Trustees confirm that we have taken due regard of the guidance published by the Charity Commission on public benefit.
Board of Trustees
Kennington Pre-School CIO seeks to recruit and retain a Board of Trustees which is inclusive and reflects the range of values and skills the charity needs.
Trustees are recruited as openly as possible through networks and informal exchange of information and opportunity to meet with the chair and other trustees, and formal process of interview, references and DBS check and opportunity to observe a board meeting.
Trustee responsibilities 2023/24
The trustees have fulfilled their responsibility for ensuring the charity fulfils its charitable objects and their duties of compliance, prudence and care by:
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developing a strategy to meet the charity’s objectives
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providing resources to implement the strategy and in particular employing a staff team to deliver safe, effective, empowering services
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ensuring strong governance including robust monitoring and reporting systems, regular review of the charity’s policies, and legal and contractual compliance
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ensuring the charity works to its values
Risk assessment
The Trustees recognise and accept responsibility for ensuring that the risks to which the charitable company is exposed are reviewed and steps taken to mitigate potential damage by use of appropriate preventative controls and corrective actions. Trustees are aware of the Charities Statement of Recommended Practice (SORP) issued in 2019 and accept the requirement, in relation to all aspects of our work, for regular assessments of operating strengths and weaknesses. To this end the Trustees’ risk management strategy comprises an annual review of the risks which the charity may face, the establishment of systems and procedures to monitor and mitigate the risks identified; and the implementation of measures designed to minimise any potential impact on the charity should any of those risks materialise.
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Kennington Pre-School CIO
Trustees’ Report (continued) for the year ended 31 March 2024
Report on financial activity 2023/24
Our income
Income increased on the prior year due to increased pupil numbers, with receipts from OCC at £89,920 (2023: £40,176) and fees at £53,991 (2023: £46,570). OCC income was considered unrestricted income this year and going forwards as directly related to the charity’s objectives.
Our expenditure
Expenditure remained reasonably consistent with the prior year with total expenditure at £119,016 compared to 2023 expenditure of £112,246.
Fund balances and reserves
A balance of £2,700 remains restricted for the use of resources.
Reserves policy
The trustees consider as reasonable reserves policy is to hold 6months’ expenditure in reserves. This would equate to £59,508 at 31[st] March 2024 and free reserves held are £79,069 so the policy is met.
This report is prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies and the Financial Reporting Standard for Smaller Entities (effective June 2002).
Approved by the Trustees on………………2025 and signed on their behalf by
………………………………………. K Whelan (Chair)
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Kennington Pre-School CIO
Independent Examiner’s Report to the Trustees of Kennington Pre-School CIO
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 5 to 6.
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
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 2. the accounts do not accord with those records.
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.
Lee Baker FCA Partner Wenn Townsend Chartered Accountants Oxford
……………………… 2025
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Kennington Pre-School CIO
Receipts and payments account for the year ended 31 March 2024
| Note | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||||
| General | Restricted | 2024 | General | Restricted | 2023 | ||
| Fund | Funds | Total | Fund | Funds | Total | ||
| £ | £ | £ | £ | £ | £ | ||
| INCOME | |||||||
| Income from generated funds: | |||||||
| Voluntary income | |||||||
| Grants | 89,920 | - | 89,920 | 40,176 | - | 40,176 | |
| Donations | 515 | - | 515 | 900 | - | 900 | |
| Charitable activities | |||||||
| Fees | 53,991 | - | 53,991 | 46,570 | - | 46,570 | |
| Other income | - | - | - | 135 | - | 135 | |
| ────── | ────── | ────── | ────── | ────── | ────── | ||
| TOTAL INCOME | 144,426 | - | 144,426 | 87,781 | - | 87,781 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | ||
| EXPENDITURE | |||||||
| Expenditure on Charitable Activities | 119,016 | - | 119,016 | 112,246 | - | 112,246 | |
| ────── | ────── | ────── | ────── | ────── | ────── | ||
| TOTAL EXPENDITURE | 119,016 | - | 119,016 | 112,246 | - | 112,246 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ | ||
| Net income/(expenditure) | 25,410 | - | 25,410 | (24,465) | - | (24,465) | |
| Transfers between funds | - | - | - | - | - | - | |
| ────── | ────── | ────── | ────── | ────── | ────── | ||
| Net movement in funds | 25,410 | - | 25,410 | (24,465) | - | (24,465) | |
| Funds at 1 April 2023 | 53,659 | 2,700 | 56,359 | 78,124 | 2,700 | 80,824 | |
| ────── | ────── | ────── | ────── | ────── | ────── | ||
| Funds at 31 March 2024 | 79,069 | 2,700 | 81,769 | 53,659 | 2,700 | 56,359 | |
| ══════ | ══════ | ══════ | ══════ | ══════ | ══════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Company number: 1156586
Kennington Pre-School CIO
Balance Sheet as at 31 March 2024
| Note | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| £ £ |
£ | £ £ |
||
| Current assets | ||||
| Bank current account | 54,060 | 26,304 | ||
| Contingent reserves account | 25,159 | 27,505 | ||
| Treasurers account | 2,500 | 2,500 | ||
| _50 | _50 | |||
| Total current assets | 81,769 | 56,359 | ||
| _ | _ | |||
| Net assets | 81,769 | 56,359 | ||
| ═════ | ═════ | |||
| Funds | ||||
| Unrestricted fund | 79,069 | 78,124 | ||
| Restricted funds | 2,700 | 2,700 | ||
| _ | _ | |||
| 81,769 | 80,824 | |||
| ═════ | ═════ |
The Trustees are satisfied that the charitable incorporated organisation was entitled to exemption under section 477 of the Companies Act 2006 and that members have not required an audit in accordance with section 476.
The Trustees acknowledge their responsibilities for:
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i ensuring that the charitable company keeps accounting records which comply with the requirements of the Act; and
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ii preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of the financial period and of its surplus or deficit for the financial period in accordance with the requirements of the Act relating to accounts, so far as applicable to the charitable company.
The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The financial statements were approved by the Board on ……………………… 2025 and signed on its behalf by
………………………………. K Whelan (Chair)[ICRA_Q_]
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