**REGISTERED COMPANY NUMBER: 08979045 (England and Wales) REGISTERED CHARITY NUMBER: 1156836** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023 ## for ## Warren Preschool Limited Watkinson Black 1st Floor, 264 Manchester Road Warrington WA1 3RB Warren Preschool Limited Contents of the Financial Statements for the Year Ended 31 August 2023 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5 to 6| |Notes to the Financial Statements|7 to 12| |Detailed Statement of Financial Activities|13 to 14| Warren Preschool Limited ## Report of the Trustees for the Year Ended 31 August 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objective of the charity is to provide quality pre-school education and care through its not-for-profit company Warren Preschool Ltd The Warren Pre School provides a fun, friendly and stimulating environment for children aged two to five, where the emphasis is on "learning through play". The children are valued individuals and are given a fulfilling and rewarding pre-school education that will provide a firm foundation for future growth and development. All the activities at the preschool are organised to cover the initial achievements of the Early Learning Goals in accordance with the Foundation Stage. The nursery is registered with Ofsted Early Years to provide pre-school education and care for 30 children at each session and 30 children for lunch. ## **Significant activities** The nursery has once again improved on its registrations: and the number of 2 year old places have increased considerably, making the nursery financially more secure - with some sessions already full. ## **FINANCIAL REVIEW** ## **Principal funding sources** Warren Preschool's income is derived from fees, local authority Free Early Years Entitlement and fund-raising. Warren Preschool is registered under the Warrington Borough Council scheme and is able to offer children Free Early Years Entitlement at the beginning of the term following their third birthday. A child is entitled to a maximum of 570 hours of universal funding over each 12 month period on a rolling process from when they first access their funding. Up to a further 15 hours a week is also available where the necessary criteria is met within the extended funding. A minimum of 2.5 hours and a maximum of 10 hours can be claimed in any one day. The maximum claim of 15 hours universal funding plus up to a further 15 hours if extended funding is applicable must be taken over no fewer than 3 days. Warren Preschool are now also able to offer a limited number of Free 2 Year old Nursery placements. The local authority use criteria to assess if a child is entitled to it. With 2 year old places being made available this impacts the staff to children ratio which has meant salary costs are higher than expected. This is being monitored to ensure that only the necessary number of staff are covering any one particular session. There has also been an increase in fees during the year. ## **FUTURE PLANS** Looking forward to 2023 - 2024 the numbers of children enrolled are good for a sustainable nursery, and have waiting lists for 2 and 3 year olds. Page 1 Warren Preschool Limited ## Report of the Trustees for the Year Ended 31 August 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Organisational structure** The voluntary structure of the company provides long term policy, strategic decisions and support for the nursery manager by offering a source of experience and expertise (eg finance, planning, personal, building and education). The trustees attend meetings on a quarterly basis with sub-groups for education, finance, building and Way Forward meeting as required. The Nursery Manager, Mrs Gail Brannan, is accountable to the trustees and, within the overall strategy set by the Trustees, is responsible, for the medium and day to day leadership and management of the business. This includes determining priorities, proposing and setting objectives, policy and implementation of staff development and support, establishing communications and using managerial skills to resolve conflict, solve problems and develop the teamwork ethos. The management team consists of qualified staff with early years' expertise, and includes senior staff with NVQ or NNEB qualifications. With teamwork and essential support from nursery practitioners, excellence in education and childcare is achieved to budget. All staff hold paediatric first aid. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 08979045 (England and Wales) ## **Registered Charity number** 1156836 ## **Registered office** 22 Warren Lane Woolston Warrington WA1 4ES ## **Trustees** Mrs S Ellison FCA Mrs G Brannan S Kenyon ## **Independent Examiner** Watkinson Black Watkinson Black 1st Floor, 264 Manchester Road Warrington WA1 3RB Approved by order of the board of trustees on 29 April 2024 and signed on its behalf by: Mrs S Ellison FCA - Trustee Page 2 Independent Examiner's Report to the Trustees of Warren Preschool Limited ## **Independent examiner's report to the trustees of Warren Preschool Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 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. Watkinson Black Watkinson Black 1st Floor, 264 Manchester Road Warrington WA1 3RB 29 April 2024 Page 3 Warren Preschool Limited ## Statement of Financial Activities for the Year Ended 31 August 2023 |Notes
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Operating activity
Other trading activities
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Operating activity
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31/8/23
Unrestricted
fund
£
104,277
472
104,749
93,090
4,870
97,960
6,789
34,111
40,900|31/8/22
Total
funds
£
81,092
213
81,305
82,492
3,449
85,941
(4,636)
38,747
34,111| |---|---|---| The notes form part of these financial statements Page 4 Warren Preschool Limited ## Balance Sheet ## 31 August 2023 |31/8/23
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
8
102
Cash at bank and in hand
43,810
43,912
**CREDITORS**
Amounts falling due within one year
9
(3,012)
**NET CURRENT ASSETS**
40,900
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
40,900
**NET ASSETS**
40,900
**FUNDS**
10
Unrestricted funds
40,900
**TOTAL FUNDS**
40,900|31/8/22
Total
funds
£
186
36,578
36,764
(2,653)
34,111
34,111
34,111
34,111
34,111| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 5 continued... Warren Preschool Limited ## Balance Sheet - continued ## 31 August 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2024 and were signed on its behalf by: S Ellison FCA - Trustee The notes form part of these financial statements Page 6 Warren Preschool Limited Notes to the Financial Statements for the Year Ended 31 August 2023 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 7 continued... Warren Preschool Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
**3.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Other operating leases
**4.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' fees
Trustees' pensions paid|31/8/23
£
472
31/8/23
£
12,633
31/8/23
£
33,188
4,200
996
38,384|31/8/22
£
213
31/8/22
£
8,904| |---|---|---| |||31/8/22
£
32,032
4,200
961| |||37,193| ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: |Staff
No employees received emoluments in excess of £60,000.|31/8/23
5|31/8/22
5| |---|---|---| Page 8 continued... Warren Preschool Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 |**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---| |||Unrestricted| |||fund| |||£| ||**INCOME AND ENDOWMENTS FROM**|| ||**Charitable activities**|| ||Operating activity|81,092| ||Other trading activities|213| ||**Total**|81,305| ||**EXPENDITURE ON**|| ||**Charitable activities**|| ||Operating activity|82,492| ||Other|3,449| ||**Total**|85,941| ||**NET INCOME/(EXPENDITURE)**|(4,636)| ||**RECONCILIATION OF FUNDS**|| ||Total funds brought forward|38,747| ||**TOTAL FUNDS CARRIED**|| ||**FORWARD**|34,111| |**7.**|**TANGIBLE FIXED ASSETS**|| |||Computer| |||equipment| |||£| ||**COST**|| ||At 1 September 2022 and|| ||31 August 2023|1,313| ||**DEPRECIATION**|| ||At 1 September 2022 and|| ||31 August 2023|1,313| ||**NET BOOK VALUE**|| ||At 31 August 2023|-| ||At 31 August 2022|-| Page 9 continued... Warren Preschool Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Pension liability
Accruals and deferred income
**10.**
**MOVEMENT IN FUNDS**
At 1.9.22
£
**Unrestricted funds**
General fund
34,111
**TOTAL FUNDS**
34,111
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
104,749
**TOTAL FUNDS**
104,749|31/8/23
£
102
31/8/23
£
700
1,176
296
840
3,012
Net
movement
in funds
£
6,789
6,789
Resources
expended
£
(97,960)
(97,960)|31/8/22
£
186
31/8/22
£
623
1,718
312
-
2,653
At
31.8.23
£
40,900
40,900
Movement
in funds
£
6,789
6,789| |---|---|---| Page 10 continued... Warren Preschool Limited Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **10. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** ||Net|| |---|---|---| ||movement|At| |At 1.9.21|in funds|31.8.22| |£|£|£| |**Unrestricted funds**||| |General fund
38,747|(4,636)|34,111| |**TOTAL FUNDS**
38,747|(4,636)|34,111| |Comparative net movement in funds, included in the above are as|follows:|| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |**Unrestricted funds**||| |General fund
81,305|(85,941)|(4,636)| |**TOTAL FUNDS**
81,305|(85,941)|(4,636)| |A current year 12 months and prior year 12 months combined position is as follows:||| ||Net|| ||movement|At| |At 1.9.21|in funds|31.8.23| |£|£|£| |**Unrestricted funds**||| |General fund
38,747|2,153|40,900| |**TOTAL FUNDS**
38,747|2,153|40,900| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
186,054
186,054|Resources
expended
£
(183,901)
(183,901)|Movement
in funds
£
2,153
2,153| |---|---|---|---| Page 11 continued... Warren Preschool Limited ## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2023. ## **12. ULTIMATE CONTROLLING PARTY** The charity is controlled by the trustees who are all directors of the company. Page 12 Warren Preschool Limited |Detailed Statement of Financial Activities
for the Year Ended 31 August 2023
**INCOME AND ENDOWMENTS**
**Other trading activities**
Fundraising events
**Charitable activities**
Nursery fee income
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Trustees' salaries
Trustees' fees
Trustees' pensions paid
Wages
Pensions
Rent
Insurance
Telephone
Postage and stationery
Sundries
**Other**
Craft, toys & activities
Snack costs
Staff training
Staff welfare
Repairs & maintenance
Legal & professional costs
**Support costs**
**Finance**
Bank charges|31/8/23
£
472
9,984
94,293
104,277
104,749
33,188
4,200
996
37,867
551
12,633
1,299
1,437
128
661
92,960
386
311
668
587
686
2,232
4,870
130|31/8/22
£
213
15,305
65,787| |---|---|---| |||81,092| |||81,305
32,032
4,200
961
32,826
559
8,904
1,211
1,244
158
615| |||82,710
301
268
150
-
498
2,232| |||3,449
82| This page does not form part of the statutory financial statements Page 13 Warren Preschool Limited Detailed Statement of Financial Activities for the Year Ended 31 August 2023 |**Finance**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|31/8/23
£
-
97,960
6,789|31/8/22
£
(300)
85,941
(4,636)| |---|---|---| This page does not form part of the statutory financial statements Page 14