**REGISTERED CHARITY NUMBER: 1156803**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023 for Checkendon Pre School CIO**
Radford & Sergeant Ltd
40rty 40 Caversham Road Reading RG1 7EB
**Checkendon Pre School CIO**
## **Contents of the Financial Statements for the Year ended 31 August 2023**
|**Contents**|**Pages**|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiners Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 8|
|Detailed Statement of Financial Activities|9|
## **Checkendon Pre School CIO**
## **Report of the Trustees for the Year ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1156803
## **Principal address**
Checkendon Village Hall Main Street Checkendon Oxfordshire RG8 0SR
## **Trustees**
Mrs H Williams Mrs E Hines Mrs A West
## **Independent examiner**
Kim Swain Radford & Sergeant Ltd 40rty 40 Caversham Road Reading RG1 7EB
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and is constituted as a charitable incorporated organisation.
## **Organisational structure**
Two full time staff remain in post, with one additional full time and one additional part time member of staff. Staff hold qualifications above the requirements by OFSTED. An experienced manager and deputy manager remain in post.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
**Checkendon Pre School**
## **Trustees Annual Report (continued) for the Year ended 31 August 2023**
## **ACHIEVEMENT AND PERFORMANCE**
The pre school continues to thrive and has had another successful year. There were over 35 children attending the pre school, including breakfast club attendees. As with previous years, the pre school delivers a rich curriculum that meets the needs of children through play, in line with OFSTED guidelines.
## **FINANCIAL REVIEW**
Financially, the pre school is going from strength to strength. The year started off strongly, and this continued throughout the year, the pre school ending the year with a balance of £69k. The pre school continues to offer breakfast club, providing an additional income, and flexibility for parents. The rent of the village hall has not been increased. The pre school increased fees by £1 an hour, in January 2023 to cover the increasing running costs. Despite this increase, the preschool continues to be amongst the cheapest in the area.
## **FUTURE DEVELOPMENTS**
The pre-school continues to be an integral part of the Checkendon village community. Despite the challenges of a global pandemic, due to the continued commitment of the long serving staff, the pre-school continues to grow.
Approved by order of the board of Trustees on 30th June 2024 and signed on its behalf by:
���������������� Mrs H Williams - Trustee
Page 2
## **Checkendon Pre School CIO**
## **I�de�e�de�� E�a���e��� Re���� �� �he T����ee� �f Chec�e�d�� P�e Sch��� CIO**
I report on the accounts for the year to 31 August 2023, which are set out on pages four to nine.
## **Respective responsibilities of trustees and examiner**
The charity�s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
- to state whether particular matters have come to my attention.
## **Ba��� �f ��de�e�de�� e�a���e��� �e����**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **I�de�e�de�� e�a���e��� ��a�e�e��**
In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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 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.
Kim Swain MA (Oxon) FCA Radford & Sergeant Ltd 40rty 40 Caversham Road Reading RG1 7EB
30th June 2024
Page 3
## **Checkendon Pre School CIO**
## **Statement of Financial Activities for the Year ended 31 August 2023**
|Note
**Income from:**
Charitable activities
2
Other trading activties
3
Other
4
**Total income**
**Expenditure on:**
Charitable activities
5
Raising funds
6
**Net income/(expenditure) and net movement in funds**
**Reconciliation of funds:**
**Total funds brought forward**
**Total funds carried forward**|**2023**
**Unrestricted**
**Funds**
£
83,169
339
0
83,508
85,585
-
85,585
(2,077)
67,651
65,574|2022
Total
Funds
£
73,405
1,255
-|
|---|---|---|
|||74,661|
|||63,394
-|
|||63,394|
||||
|||11,267|
|||56,384|
|||67,651|
The notes form part of these financial statements
Page 4
## **Checkendon Pre School CIO**
## **Balance Sheet 31 August 2023**
|Note
**Fixed Assets**
Tangible Assets
9
**Current Assets**
Cash at bank
**Creditors**
Amounts falling due within one year
10
**Net Current Assets**
**NET ASSETS**
**Funds**
Unrestricted funds
11
**TOTAL FUNDS**|**2023**
**Unrestricted**
**Funds**
£
-
67,160
67,160
(1,586)
65,574
65,574
65,574
65,574|2022
Total
Funds
£
-
69,377|
|---|---|---|
|||69,377
(1,727)|
|||67,651|
||||
|||67,651|
|||67,651|
|||67,651|
The financial statements were approved by the Board of Trustees on 30th June 2024 and were signed on its behalf by
����������������
Mrs H Williams - Trustee
The notes form part of these financial statements
Page 5
## **Checkendon Pre School CIO**
## **Notes to the Financial Statements for the Year ended 31 August 2023**
## **1 Accounting policies Accounting convention**
The financial statements have been prepared under the historic cost convention, and in accordance with the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP FRS102) and applicable UK Accounting Standards and the Charities Act.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is a counted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write of each asset over its estimated useful life:
Plant and machinery
25% of cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable activities at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **2 Income from charitable activities**
|Fees
Government Funding
**3 Income from other trading activities**
Fundraising events
4 **Other income**
Coronavirus job retention scheme|**2023**
**£**
52,174
30,995
83,169
**2023**
**£**
339
339
**2023**
**£**
-
-|**2022**
£
34,480
38,925|
|---|---|---|
|||73,405|
|||2022
£
1,255|
|||1,255|
|||2022
£
-|
|||-|
Page 6
## **Checkendon Pre School CIO**
## **Notes to the Financial Statements - continued for the Year ended 31 August 2023**
|**5 **|**Charitable activities**|||
|---|---|---|---|
||Activities|1,721|450|
||Wages and pensions|73,103|53,775|
||Services provided|183|495|
||Other operating leases|5,523|4,674|
||Insurance|852|793|
||Accountancy and payroll|1,160|938|
||Stationery & office supplies|2,224|1,777|
||Telephone|819|492|
|||85,585|63,394|
|||**2023**|2022|
|||**£**|£|
|**6 **|**Fundraising Trading: Cost of Goods Sold and other costs**|||
||Support Costs|-|-|
|||-|-|
|**7 **|**Trustees Remuneration and Benefits**|||
||There were no trustees' remuneration or other benefits or expenses paid for|the year ended 31|August 2023|
||(2021 - nil).|||
|**8 Staff Costs**
Wages and Salaries
The average monthly number of employees during the year was as follows:
Pre School Staff
No employee received emoluments in excess of £60,000.|**2023**
**£**
73,103
73,103
4|2022
£
53,775|
|---|---|---|
|||53,775|
|||2|
||||
|**9 Tangible Fixed Assets**
**Cost**
At 1 September 2022 and 31 August 2023
**Depreciation**
At 1 September 2022 and 31 August 2023
At 31 August 2023
**Net Book Value**
At 31 August 2023
At 31 August 2022|Plant and
machinery
£
13,774|
|---|---|
||13,774|
||13,774|
||-|
||-|
Page 7
## **Checkendon Pre School CIO**
## **Notes to the Financial Statements - continued for the Year ended**
## **10 Creditors: Amounts Falling Due within one year**
|**10 Creditors: Amounts Falling Due within one year**|||||
|---|---|---|---|---|
|Other Creditors
**11 Movement in Funds**
**Unrestricted Funds**
General Fund
Total Funds|At 1
September
2022
£
67,651
67,651|Income
£
83,508
83,508|**2023**
**£**
1,584
1,584
Expenditure
£
(85,585)
(85,585)|2022
£
1,725|
|||||1,725|
|||||At 31
August
2023
£
65,574|
|||||65,574|
Page 8
## **Checkendon Pre School CIO**
## **Detailed Statement of Financial Activities for the Year ended 31 August 2023**
|**Income from:**
Charitable activities
Fees
Government Funding
Other trading activities
Fundraising events
Other
Coronavirus job retention scheme
**Total income**
**Expenditure on:**
Charitable activities
Activities
Wages and pensions
Services provided
Other operating leases
Insurance
Accountancy and payroll
Stationery & office supplies
Telephone
Raising funds
**Total expenditure**
**Net Surplus/(Deficit)**|**2023**
**£**
52,174
30,995
83,169
339
-
-
83,508
1,721
73,103
183
5,523
852
1,160
2,224
819
85,585
-
85,585
(2,077)|**2022**
**£**
34,480
38,925|
|---|---|---|
|||73,405|
||||
|||1,255|
|||-|
|||-|
||||
|||74,661|
|||450
53,775
495
4,674
793
938
1,777
492|
|||63,394|
|||-|
||||
|||63,394|
||||
|||11,267|
This page does not form part of the statutory financial statements
Page 9