REGISTERED CHARITY IYUMBER: 1156883 REPORT OF THE TRUSTEES AND UNAUDTTED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR BOBTAILS PRE-SCHOOL HORLEY
BOBTAILS PRE-S HOOL HORLEY CONTENTS OF THE FINANCIAL STATEMEwrs FOR THE YEAR EIYDED 31 A 24 Psge Reference and Administrative Detalls Report of the Trustees Independent Examiner's Report Statement of Flnaneial Aetivities Balan¢e Sheet Notes to the Financial Statements 7 to 13
BOBTAILS PRE-SCHOOL HORLEY REFERENCE AND ADMINISTRATIVE DETAIL FOR THE YEAR ENDED 31 AUGUST 2024 ACTIVE TRUSTEES: R Thompson {Chair) M Hopper (Treasurer} A Manzoor (Resigned 2110512024) C Rogers (Appoin*d 2110512024) PRINCIPAL ADDRESS Lumley Road Horley Svrrey RH6 7JF REGISTERED CHARITY NUMBER 1156883 INDEPENDENT ELIMINER John Williams & Co Limited Chartered Certified Accountants Chart House 2 Effingharn Road Reigate Surrey RH2 7JN Page I
BOBTAILS PRE-SCHOOL HORLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The tn]stees present their report with the financial statements of the charity for the year ended 31 August 2024. The tSteeS have adopted tbe provisions of Accounting and Reporting by Charities.. Sialement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTTVES AND ACTIVITIES Objectives and aims The eharity works for th¢ public benefit having as its objects the development and education of children and young people in particular by.. promoting their care and safety. promoting their education and promoting parental involvement. promoting their health and wellbeing; promoting services lo support them and their families and carers. proving services to individuals holding membership of the CIO. and fiuthering the aims of the pre-school learning allian¢¢. We have referred to the guidance contained in the Charity Commission's gcneral guidance on public benefit when reviewing our &irns and objectives and in planning our future activities. In addition to the formal objects the trustees have agreed the following obje¢liv¢s= To provide a child friendly enviromnent that is safe, secure and stimulating. To enhance the development and education of children through play. To encourage children to develop self_confidence and self_esteem. To promote children's sociol, intellectual and physical development through play and sknctured activities 50 &5 to prepare them for a smooth transition from pre-school to the school environment. To work to the guidelines of the Early Years Foundation stage and the requirements of the registering bodies. To work with parents and ¢arers to offer a flexibility that allows each Child's individual needs lo be met whilst providing an environment where both children and adults feel welcome¢ happy and comfortable. ACHIEVEMENT ALYD PERFORMANCE Charitable activities The charity has operated a pre-scbool from two siles in Horley througbout the period. FINANCIAL REVIEW The charity has made a surplus of £15,496 over the period (2023.. defJ¢it £22.143). FUTURE PLANS The charity in¢ends to develop its activities in line with present operations. STRUCTURE, GOVERNAIYCE AND MANAGEMENT Governing document The charity was registered as a Charitable Incorporated Organisation on l May 2014. Recruitment and appointment of new trustees We aim to recruit parents of children tliat attend Bobtails primarily, but will recmit from around the local area with the support of SutTey Education if we cannot achieve the target number of tLUStees. We aim to have between four and eight tnteeS at any point, to serve a terrn of three years with staggered start dates so that no more than half the Inte¢S resign and are Teplaced in any one year. The optimum number of ttwslees is six with two c)wiging every year, having served three yea. The role of Treasurer and Chairperson should ideally change every year so that tswslees can serve in either position iti their second year of appointment, then sUPPOrt Teplacements of their roles in their third and fal year. Page 2
BOBTAILS PRE-SCHOOL HORLEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 TrJ/éhs Approved by order of the board of trnstees i)n ...... . and signed on its behalf by.. M Hopper stee Page 3
INDEPENDENT EXAMINER'S REPORT T BOBTAJLS PRE-SCHOOL HORLEY THE TRUSTEES OF Independent examiner's report to the trustees of Bobtails Pre-school Horley I report to the charity trustees on my examination of the accounts of Bobtails Pre-school Horley (the Trust) for the year ended 31 August 2024. Responsibilities and basis of report As the charity trustees of the Trnst 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 exarnination of the Trust's accounts carried out under Seetion 145 of the Act and in canying out my examination I have followed all applicable Directions given by the Charity Cornmission under Section 145(5){b) of the Act. Independent examiner's statement Sinee your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. l ean confinn that l am qualified lo undertake the examination because I am a member of the Association of Chartered Certified Accountsnts. whi¢h is one of the listd bodies. I have completed my examinatio I confirni tbat no material matters have come to my attention in eonneetion with the examination giving me cause to believe that in any rnaterial Tespect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act" or the accounts do not aceord with those records. or the accounts do not comply with the applicable requiremctsts Concerning the fom] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts ve a tre 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 atlention should bc drawn in this report iti order to enable a proper understanding of the accounts to be reached. Michael Wilson John Williams & Co Limited Chartered Certified Accountants Chart House 2 Effingharn Road Reigate Surrey RH2 7JN Page 4
BOBTAILS PRE-SCHO RLEY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total nds 2023 Totsl nds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 275 Charitable activities Charitable Activities 332.893 53.721 386,614 321,677 Other trading activities Investment income 1,965 2.127 1,965 2,127 2,301 1,112 Total 336,985 53,721 390,706 325,365 EXPENDITURE ON Charitable activities Charitable Activities 357,283 17,927 375,210 347,508 NET tNCOMEI(EXPENDITURE) (20,298) 35.794 15,496 (22,143) RECONCILIATION OF FUNDS Total funds brought forward 120,187 120,187 142.330 TOTAL FUNDS CARRIED FORWARD 99,889 35,794 135,683 120.187 The notes forni part of these financial statements Page 5
BOBT AILS PRE-SCHOOL HORLEY BALANCE SHEET 31 AUGUST 2024 2024 Total nds 2023 Total fiu]ds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets io 43 43 loo CURRENT ASSETS Debtors Cash at bank and in hand li 851 112,194 851 147,988 1,080 129,281 35,794 113,045 35.794 148,839 130,361 CREDITORS Amounts falling due withtn one year 12 {13,199) (13,199) {10,274) NET CURRENf ASSETS 99.846 35,794 135,640 120,087 TOTAL ASSETS LESS CURRENT LIABILfTIES 99.889 35,794 135,683 120,187 NET ASSETS 99,889 35,794 135,683 120,187 FUNDS 13 Unrestricted funds Restricted funds 99,889 35.794 120,187 TOTAL FUNDS 135.683 120,187 The fman ia tements were approved by the Board of Trustees and authorised for issue 231a/zS on and were signed on its behalf by.. The notes fotrn part of these financial statements Page 6
BOBTAILS PRE-SCHOOL HORLEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity und¢r FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recomrnended Praetice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the hislorieal cost convention. Critieal aceounting judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions tbat affect the amounts reported. These estimates and judgements ar¢ ¢ontinually reviewed and are based on experience and other factor5, Lncluding expeclations of tUre events tbal are believed to be reasonable under the circumstances. Income All incorning resources are included in the statement of financial activities when entitlement has passed to the charkty. it is probable that the economic benefits associated witb the transaction will flow to the charity and the arnount can be reliably measured. The following specific policies are applied to parlicular tegorieS of income.. i) income from donations or grants is Tecognised when there is idenc¢ of entitlement to the gitl Teceipt is probable and its amount can be measured reliably. ii) legacy income is reeognised when receipt is probable and entitlement is established. iii) income from donated goods is measured at the fair value of the goods unless thi5 is impracti¢al to measuTe reliably, in which case the value is derived from th¢ cost to the donor or ihe estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts 8re included for the contribution of general volunteers. iv) income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted fulld5 unless thcre 15 a contractual requirement for it to b¢ sp¢nt on a particular purpose &Thd returned if unspent, in which ¢ase it may be regarded as restricted. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includ¢s any VAT which cannot be fully recovered, and is ¢lassified under headings of the statement of financial activities to which it relates.. i) expenditure on raising funds includes the costs of all fimdraising activities, events, non-clwitable trading activitt", and the sale of donated goods. li} expenditure on charitable activities includes all costs incutred by a charity in undertaking activities that furtber its charitable aims for the benefit of its ben¢ficiaries. including those supporl costs and cosls relating to the governance of the charity apportioned lo charitable activities. ill) other expenditure includes all expenditure that is neither related to raising fimds for the charity nor part of its expendittLre on charitable activities. All costs are allocated to expenditure categorie5 reflecting the use of the resource. Direct Costs attributable to a single activity are allocated dirertly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible fixed assets Depreeiatson is provided at the following annual rates in order ¢0 write off each asset over its estimated useful Fixtures and fittings 250/0 on cost Page 7 ontinued...
BOBTAILS PRE-SCHOOL HORLEY NOTES TO THE FINANCIAL TATEMEIYT FOR THE YEAR ENDED 31 AUGUST 2024 - Continued ACCOUNTING POLICIES- continued Taxation The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricfrd funds can be used in accordance with the charitsble objectives at the discretion of the tnJst¢es. Restricted fimd5 can only be used for particular restricted purposes within tbe objects of the charity. Restrictions arise when specifjed by the donor or when fijnds are rdised for particular restricted purposes. 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 charity operates a defmed Contribution pension scheme. Contributions payable to the ¢harity'S pension scheme are charged to the Statement of Financial Activities in the period tt) which they relate. Financial insÉrument5 A fitwicial asset or a financial liability is reeognised only when the Bobtsils Pre-school Horley becomes a paty to the contractual provisions of the instrnment. Basi¢ fmancial in5trurnents are initially recogmsed at the amount receivable or payable including any related transaction costs. Current assets and Cuent liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt inslnunents are subsequently measured at amortised cost. Where investments in shaTes are publicly traded or their fair value can otheiS¢ be measured reliably, the investment is subsequently measured at fair value with changes in fair vaIue recognised in income and expenditure. All othci such investments are subsequently measured at cost less impainnent. Other financial instrnments, including derivatives, are initially Tecognised at fair value. unless payment for an asset is deferred beyond nornial business terms or fJnan¢ed at a rate of interest that is not a market rate, in wbich as¢ the asset is measured at the present value of the future payments discounted at a llrket rate of interest for a similar debt instrLunent. Other financial instnunents are subsequently measured at fair VUe, with ttny Changes re¢ognised in the statement of financial actsvities. with the exception of hedging instruments in a designated hedgg relationsbip. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of impaim]ent at the end of each reporting date. If ther¢ is objective evidence of impairn)ent, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instnunents regardless of significance, and other financial assets that are individually significant. these are assessed individually for impaimient. Other fmancial assets ate either assessed individually or grouped on the basis of similar credit risk characleristics. Any reversals of impairnient are recognised immediately. to the extent that the reveisal does not Tesult in a canying amount of the fmancial asset that exceeds what the carrying atnount would have been had the impairment not previously been recognised. Page 8 continued...
BOBTAILS PRE-SCHOOL HORLEY NOTES T THE FINANCIAL TATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 DONATIONS AND LEGACIES 2024 2023 Donations 275 OTEtER TRADtNG ACTIVITtES 2024 2023 Fundraising events 1,965 2,301 INVESTMENT INCOME 2024 2023 Deposit account interest 2,127 1,112 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable Activities Charitable Activities Charitable Activities Charitable Activities CharitabEe Activities Payments from governments Fees Unifomis School trips Miscellaneous income 299,224 84,936 1,566 738 150 236,787 81.875 2,573 442 386,614 321.677 CHARITABLE ACTIVITIES COSTS DiTe¢t Costs Support costs Totals Charitable Activities 374,856 354 375,210 TRUSTEES, REMUIYERATION AND BEIYEFITS There were no trustees, remuneration or other benefits for the Ye ended 31 August 2024 noT for the year ended 31 August 2023. Trustees, expenses There were no 31 August 2023. trustees, expenses paid for the year ettded 31 August 2024 nor for the year ended Page 9 ontinued...
BOBTAILS PRE-SCHOOL HORLEY NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 - cont STAFF COSTS The average number of employees during the year No employee received employee benefits of more ' COMPARATIVES FOR THE STATEMENT ( INCOME AND ENDOWMENfs FROM Donations and legacies Charitable activities Charitable Activitie5 Other trading activities Investment income Total EXPENDITURE ON Charitable activities Charitable Activities NET INCOMEI{EXPENDJTURE) RECONCILIATION OF FUNDS Total funds brought fonvard TOTAL FUNDS CARRIED FORWARD io. TANGIBLE FIXED ASSETS COST At I September 2023 and 31 August 2024 DEPRECIATION At I Seplember 2023 Charge for year At 31 August 2024 IYET BOOK VALUE At 31 August 2024 At 31 August 2023 PaE
BOBTAILS PRE-SCHOOL HORLEY TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 851 1,080 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Oth¢r Creditors 3,889 4.747 4,563 3,868 2.423 3,983 13,199 10,274 13. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds Gcneral fund 120,187 (20,298) 99,889 Restrieted funds General fid 35.794 35.794 TOTAL FUNDS 120,187 15,496 135,683 Net movement in fimds, included in the above are as follows.. Incoming Tesources Resources expended Movement in funds Unrestricted funds General lld 336,985 (357,283) (20,298) Restricted fynds General fund 53,721 (17,927) 35,794 TOTAL FUNDS 390.706 {375,210) 15.496 Comparatives for movement in fund$ Net movement in fimds At 31.8.23 At 1.9.22 Unrestricted funds General fimd 142,330 {22.143) 120,187 TOTAL FUNDS 142,330 (22,143) 120,187 Pagell continued...
BOBTAILS PRE-SCHOOL HORLEY NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 - continued 13. MOVEMENT IN FUNDS - eoDtinued Comparative net movement in fimds, included in the above are as follows: Incoming re50urces Resources expended Movement in funds Unrestricted fund5 General fjjnd 325,365 (347.508) (22.143) TOTAL FUNDS 325,365 (347,508) (22,143) A cutTent year 12 months and prior year 12 months combined position 15 as follows: Net movement in funds At 31.8.24 At 1.9.22 Unrestricted funds General fjjnd 142,330 (42,441) 99.889 Restricted funds General fund 35,794 35,794 TOTAL FUNDS 142,330 (6,647) 135,683 A cUt year 12 months and prior year 12 months Combin net movement in fimds, included in the above are as follows.. Incorning resources Resources expended Movement in funds UThre5trieted funds General fund 662,350 (704,791) (42,Ml ) Restricted funds GetLeral fjmd 53,721 (17.927) 35.794 TOTAL FUNDS 716,071 (722,7l8) (6,647) Page 12 ontinu¢d...
BOBTAILS PRE-SCHO RLEY NOTES T THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024 14. EMPLOYEE BENEFIT OBLIGATIONS The amount reeognised in income or expenditure as an expense in relation to defined contribution plans was £4,718 (2023. £4,296) 15. RELATED PARTY DISCLOSURES There were no related pty transactions for the year ended 31 August 2024. 16. GOING CONCERN There are no material uncertainties about the charity's ability to ¢ontinue. Page 13