2024-08-31-accounts - Checkendon Pre-School CIO

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REGISTERED CHARITY NUMBER: 1156803

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 for Checkendon Pre School CIO

Radford & Sergeant Ltd

9 Greyfriars Road Reading RG1 1NU

Checkendon Pre School CIO

Contents of the Financial Statements for the Year ended 31 August 2024

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 2024

The trustees present their report with the financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1156803

Principal address

Checkendon Village Hall Main Street Checkendon Oxfordshire RG8 0SR

Trustees

H Williams A Fibert A Booker

Independent examiner

Kim Swain Radford & Sergeant Ltd 9 Greyfriars Road Reading RG1 1NU

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

The organisation has four members of staff, three full time and one part time, including an experienced manager and deputy manager. Staff hold qualifications above the requirements by OFSTED.

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 2024

ACHIEVEMENT AND PERFORMANCE

The pre school continues to thrive and has had another successful year. Numbers for pre school have increased over the year, and we have been running at full capacity. Breakfast club continues to be popular, and has a good take up from families at the primary school as well as pre school. 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 continues to go from strength to strength. The year started off strongly, and this continued throughout the year, the pre school ended the year with a balance of £118k. 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. Pre School have kept the fees the same as last year, for both pre school and breakfast club following the £1 increase in 2023 of the pre school hourly rate. This is being monitored regularly, but there are not any plans to increase this imminently.

FUTURE DEVELOPMENTS

The pre-school continues to be an integral part of the Checkendon village community. 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 27th June 2025 and signed on its behalf by:

………………………………………… H Williams - Trustee

Page 2

Checkendon Pre School CIO

Independent Examiner’s Report to the Trustees of Checkendon Pre School CIO

I report on the accounts for the year to 31 August 2024, 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.

Basis of independent examiner’s report

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.

Independent examiner’s statement

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 9 Greyfriars Road Reading RG1 1NU

27th June 2025

Page 3

Checkendon Pre School CIO

Statement of Financial Activities for the Year ended 31 August 2024

Note Income from: Charitable activities 2 Other trading activties 3 Total income Expenditure on: Charitable activities 4 Net income/(expenditure) and net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	2024 Unrestricted Funds £ 154,505 230 154,735 103,355 103,355 51,380 65,574 116,954	2023 Total Funds £ 83,169 339 83,508 85,585 85,585 (2,077) 67,651 65,574

The notes form part of these financial statements

Page 4

Checkendon Pre School CIO

Balance Sheet 31 August 2024

Note Fixed Assets Tangible Assets 7 Current Assets Cash at bank Creditors Amounts falling due within one year 8 Net Current Assets NET ASSETS Funds Unrestricted funds 9 TOTAL FUNDS	2024 Unrestricted Funds £ 479 118,635 118,635 (2,160) 116,475 116,954 116,954 116,954	2023 Total Funds £ - 67,160 67,160 (1,586) 65,574 65,574 65,574 65,574

The financial statements were approved by the Board of Trustees on 27th June 2025 and were signed on its behalf by

………………………………………… 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 2024

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	2024 £ 51,714 102,791 154,505 2024 £ 230 230	2023 £ 52,174 30,995 83,169 2023 £ 339 339

Page 6

Checkendon Pre School CIO

Notes to the Financial Statements - continued for the Year ended 31 August 2024

4 Charitable activities

Activities Wages and pensions Services provided Other operating leases Insurance Accountancy and payroll Stationery & office supplies Telephone Depreciation Sundry	2024 £ 1,976 90,879 237 5,808 1,352 1,196 1,375 10 160 362 103,355	2023 £ 1,721 73,103 183 5,523 852 1,160 2,224 819 - - 85,585

5 Trustees Remuneration and Benefits

There were no trustees' remuneration or other benefits or expenses paid for the year ended 31 August 2024 (2023 - nil).

6 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.	2024 £ 90,879 90,879 4	2023 £ 73,103 73,103 4

7 Tangible Fixed Assets

Tangible Fixed Assets Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Depreciation charge At 31 August 2024 Net Book Value At 31 August 2024 At 31 August 2023	Plant and machinery £ 13,774 639 14,413 13,774 160 13,934 479 -

Page 7

Checkendon Pre School CIO

Notes to the Financial Statements - continued for the Year ended

8 Creditors: Amounts Falling Due within one year Other Creditors 9 Movement in Funds Unrestricted Funds General Fund Total Funds	At 1 September 2023 £ 65,574 65,574	Income £ 154,735 154,735	2024 £ 2,160 2,160 Expenditure £ (103,355) (103,355)	2023 £ 1,584 1,584 At 31 August 2024 £ 116,954 116,954

Page 8

Checkendon Pre School CIO

Detailed Statement of Financial Activities for the Year ended 31 August 2024

Income from: Charitable activities Fees Government Funding Other trading activities Fundraising events Total income Expenditure on: Charitable activities Activities Wages and pensions Services provided Other operating leases Insurance Accountancy and payroll Stationery & office supplies Telephone Depreciation Sundry Total expenditure Net Surplus/(Deficit)	2024 £ 51,714 102,791 154,505 230 154,735 1,976 90,879 237 5,808 1,352 1,196 1,375 10 160 362 103,355 103,355 51,380	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)

This page does not form part of the statutory financial statements

Page 9