Charity registration number: 1159106
Woodford Community Pre-school
Annual Report and Financial Statements
for the Year Ended 31 August 2024
WESTCOTTS
CHARTERED ACCOVNTA14TS
BUSIFIE5S ADVISERS

Woodford Community Pr8-School
Reference and Adminlstratlve Detalls
Chairperson
Mrs Alison Escott
Trustees
Mrs Alison Escott
Mrs Jodie Littlejohn
Mrs Laura Haylock
Mrs Susan Westbrook
Mrs Michelle Brooke-williams (resigned 1310212025)
1159106
Charity Registration Number
Prlnclpal Offlce
Greenway Avenue
Woodford
Plympton
Plymouth
PL7 4RR
Independent Examlner
Matthew Keane ACCA
Independent examiner
Wastcotts
Plym House
3 Longbridge Road
Plymouth
PL6 8LT
Page 1

Woodford Community Pre-school
Trustees, Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 August 2024.
Objectlves and actlviti88
Objects and aims
Woodford Community Pre-school aims to enhance the development and education of children under
statutory school age and encourage parents to understand and provide for the needs of their children
with support from ourselves and other agencies.
Publlc beneflt
We offer appropriate play, education and care facilities and ensure the group offers opportunities for
all children, whatever their race, culture, religion, means or ability. The staff attend regular training to
update their skills and knowledge and we regularly review our policies to ensure they are up to date
with current legislation. We meet with parents regularly to infomi them of their child's progress and
encourage parent participation. The Trustees work closely with staff in order to continually develop
and enhance the pre-school. We have close links with the local primary schools and liaise with them
at the end of every school year to ensure a Smooth transition for children leaving pre-school in the
summer term. We have very experienced SENCO'S who work closely with parents and outside
agencies to give a high level of support to children with additional needs. We have developed really
good working relationships with these agencies over the years.
Our Trustees are very pro-active in our setting and contribute immensely to the Management duties.
They meet regularly as a committee and also with staff to ensure effective communication. They give
up a lot of their time to help with fun days and fundraising activities.
The trustees confirm that they have complied with the requirements of 8ection 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Walas.
Achlevements and performance
In October 2023, the setting received a vlsit fomi Ofsted the outcome was 'Requires Improvement,,
focussing on inconsistency with curriculum planning and delivery.
Claire Dixon (Business Manager) left the setting in November 2023. Kelsey Watson was appointed as
Pre-school Manager. This fonned a restructure in management with Glenda Clamp stepping down
from Pre-school Leader to Pre-school Coordinator, Amie Beasley remained as Deputy Pre-school
Manager and took on responsibility for finance and payroll.
In January 2024, Kathryn Hurn was employed as Deputy Pre-school Manager with responsibilty for
Curriculum and Planning. Both Kelsey and Kathryn had exiensive experience in Early Years in
Primary School setting.
Kelsey and her team liaised with Early Years Advisory Team to address the recommendations in the
Ofsted report. The Early Years Advisory Team undertook observations throughout the academic year
to support the development of the curriculum.
The setting v￿8 reinspected in July 2024 and the outcome was 'Good'.
Changes to Government funding came into place in April 2024. This increased 2 year old places at
the pre-school and has allowed the setting to open and run both roorns at different age groups
Monday-Friday.
Page 2

Woodford Community Pre-school
Trustees, Report (continued)
Financial review
Our principle source of income is generated from the Early Years Funding which all children receive
from the term after their 2nd Birthday. We also have children who receive Me2 Funding for 2-year-old
children who meet the criteria. This is also funded through the Eady Years team. We Invol￿ fees for
extra sessions and also for children who do not receive funding. During the year fundraise to
purchase new equipment and resources for the children. Our largest area of expendrture is staff
wages, however due to adult-child ratios this is not something that we can change. Rent is also high
but there are no other available buildings in the local area that we could use. Our rental agreement is
reviewed annually and when the Church decide to make an increase, we do not have much control
over this. We do however have a good relationship with the Church members, and they do take into
consideration our high costs when considering increasing aur rent.
Pollcy on rnsarnes
We have built our contingency money over the last few years so that should we have to make
redundancies, have enough money to make this payment. At the end of the financial year, any
surplus funds are used to help with our Autumn term when our numbers are usually lower. This helps
towards our rent and classroom consumables.
Structure, governance and management
Natur• of govemlng document
Constitution for Incorporated Organisations. CIO - Foundation Registered 06 Nov 2014.
Recruitment and appointment of trustees
New members are elected at the AGM but are also welcome to volunteer to join our Trustees at any
time throughout the year.
Organisational structurn
We are led by Management Trustees who adhere to the Constitution and our Policies and
Procedures.
Employee Involv9ment
Before the AGM, anyone who expresses an interest in joining the Trustees are free to ask any
questions to staff or existing Trustee Members. The Chairperson and Stsff will explain in depth about
their roles and responsibilities should they wish to become involved. We have access to
Committee￿rUStee training through our Early Years Department for Trustee's to attend. This is
provided at no cost to them. We have insurance to protect the Trustees against Financial Risk. We
have a named Child Protection Officer and all staff have completed Child Protection training and
attend regular updates. We have strict policies and procedures regarding Early Years and receive
vRekly updates on new legislation and have regular meetings with our Early Years Advisory Teacher.
Our Trustees volunteer their time and receive no remuneration or benefits.
Page 3

Woodford Community Pre-school
Trustees. Report (continued)
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charity and of the incoming resources
and application of resources of the charty for th8t period. In preparing these financial statements, the
trustees are required to:
select suitable accounting policies and then apply them con81Stently;
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements,. and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume
that the charrty will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
infomiation included on the charitable company's website. Legislation governing the preparation and
di&%emination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on
behalf by..
and signed on its
rsA
Ison Escott
Chairman and Trustee
Twstee
Page 4

Woodford Community Preschool
Independent Examiner's Report to the trustees of Woodford Community
Pre-school
I report to the trustees on my examination of the accounts of Woodford Community Pre-school for the
year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees of Woodford Community Pre-school 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 Woodford Community Pre-school's accounts carried out
under section 145 of th& 2011 Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under Sectlon 145(5)(b) of the Act.
Indepandent examlnerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cau8e to believe that in any materlal respect..
1. accounting records were not kept in respect of Woodford Community Pre-school as required by
section 130 of the Act- or
2. the accounts do not accord wrth those record8; or
3. the accounts do not comply wrth the accounting 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 vievl which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matter8 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.
atthew Keane ACCA
Independent examiner
Westcotts
Plym House
3 Longbridge Road
Plymouth
PL6 8LT
Date..
0.4...0.6...2.
Page 5

Woodford Community Pre-school
Statement of Financial Activities for the Year Ended 31 August 2024
Unrestricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
2,440
229,966
2,440
229,966
4,956
239,820
Total income
232,406
232,406
244,776
Expenditure on:
Charitable activities
(221,032)
1221,032)
(199,439)
Totsl expenditure
(221,032)
(221,032)
<199,439
Net income
11,374
11,374
45,337
Net movement in funds
11,374
11,374
45,337
Reconcillation of funds
Totsl funds brought forward
Total funds carried fop¥vard
109,060
109,060
63,723
12
120,434
120,434
109,060
All of the charity's activitles derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 12.
The notes on pages 8 to 14 form an integral part of these financial statements.
Page 6

Woodford Community Pre-school
(Registration number.. 1159106)
Balance Sheet as at 31 August 2024
2024
2023
Note
Flxed assets
Tangible assets
862
713
Current assets
Debtors
Cash at bank and in hand
10
9,602
123,144
132,746
13,174
110,747
110,747
Credltorn: Amounts falling due wlthln on• year
Net current a88ets
11
2,400
119,572
108,347
Net a330ts
120,434
109,060
Fund8 of the charlty..
Unrestrlctod Income funds
Unrestricted funds
120,434
109,060
Total funds
12
120,434
109,060
The financial statements on pages 6 to 14 vRre approved by the trustees, and authorised for issue on
.4..:.&...IC.and signed on their behalf by..
Ison Escott
Chairman and Trustee
Jodie Littlejo
Trustee
The notes on pages 8 to 14 fonn an integral part of these financial statements.
Page 7

Woodford Community Pre4chool
Notes to the Financial Ststements for the Yaar Ended 31 August 2024
1 Accounting policles
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011.
Basis of preparatlon
Woodford Community Pre-school meets the definition of a public benefit entity under FRS 102. The
accounts {financial statements) have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these
accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to contlnue as
a going concem.
Incomè and ondowment8
Voluntary income including donation8, gifts, legacies and grants that provide core funding or are of
general nature is recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with suffi'cient reliability.
Donations and legacles
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured.
Expendlture
All expenditure is recognised once there is a legal or constructlve obligation to that expenditure, it is
probable settlement is required and the amount can be measurgd reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Charltable activities
Charitable expenditure comprises those costs incurred by the charty in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas. or per
capit8, Staff costs by the time spent and other costs by their usage.
Page 8

Woodford Community Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
Taxatlon
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent
accumulated depreciation and 8ub8equent accumulated impairment losses,
Depreciatlon and amortlsatlon
Depreciation is provided on tangible flxed assets so as to wrfte off the cost or valuatlon, less any
estimated residual value, over their expected useful economic life a5 follows..
Asset class
Office equipment
Depreclatlon method and rat•
3 years straight line
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are sublected to ￿$triCt10n9 on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two su￿clasSeS.. restricted income funds or endowment
funds.
Flnancial Instruments
Classification
Financial assets and financial liabiliti88 are recognised when the charity becomes a paty to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 9

Woodford Community Preschool
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
cognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is nomially the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists 8 legally enforceable right to set off the recognised amounts and the charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another party.
Financi81 liabilities are derecognised only when the obligation specified in the contract Is discharged,
cancelled or expires.
Dobt instruments
Debt instruments are subsequently measured at amortised cost using the effective interest method.
2 Income from donatlons and legacies
Unrestricted
funds
General
Total
2024
Total
2023
Donations and legacies.,
Donations from companies, trusts and similar
proceeds
Donations from individuals
4,956
2,440
2,440
2,440
2,440
4.956
3 Income from charitable actlvltles
Unrestricted
funds
General
Total
2024
Total
2023
Charitable activity
229,966
229,966
239,820
Page 10

Woodford Community Pre4chool
Notes to the Flnancial Statements for the Year Ended 31 August 2024
(continuedl
4 Expendlture on charitable activitlO8
Unrestrictad
funds
General
Total
2024
Totsl
2023
Note
Charitable activity
Depreciation, amortisation and other
similar costs
Allocated support costs
217,903
217,903
196,682
609
2,520
221,032
609
2,520
221,032
357
2,400
199,439
5 Analys18 of support costs
Charitable activitles expendlture
Unre8trlcted
funds
General
Total
2024
Total
2023
Accountancy fees
Independent examiner's fee
1,512
1,008
2,520
1,512
1,008
2,520
1,440
960
2,400
6 Net Incomlngloutgolng resources
Not incoming resources for the year include.,
2024
2023
Depreciation of fixed assets
609
357
7 Trustees remuneratlon and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year.
No trustees have received any other benefits from the charity during the year.
Page11

Woodford Community Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Tangible flxed assets
Furnlture
and
equlpment
Total
Cost
At 1 September 2023
Additions
1,070
758
1,070
758
At 31 August 2024
Depreclatlon
At 1 September 2023
Charge for the year
At 31 August 2024
Net book value
1,828
1,828
357
609
357
609
966
At 31 August 2024
At 31 August 2023
862
713
713
10 Debtors
2024
2023
Trade debtors
9,602
11 Creditors: amounts falling due wlthln one year
2024
2023
Other taxation and social securty
Accruals
10,654
2,520
2,400
13,174
2,400
Page 12

Woodford Community Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2024
(continu8d)
12 Funds
Balance at 1
September
2023
Balance at
31 August
2024
Incomlng
resource8
Resources
expend8d
Unrestricted funds
General Funds
109,060
232,406
220,778
120,688
Balance at 1
September
2022
Balance at
31 August
2023
Incomlng
resources
Resources
expended
Unrestrlcted funds
General Funds
63,723
241,820
(196,483)
109,060
Restricted funds
Co-operative restricted fund
2,956
Total funds
63,723
244,776
199,439
109,060
13 Analysls of not assats between fund5
Unrestrlcted
funds
General
Total funds
at 31 August
2024
Tangible fixed as$et8
Current assets
Current liabilities
862
132,746
13,174
132,746
13,174
Total net assets
120,434
Unrestricted
funds
General
Total funds
at 31 August
2023
Tangible fixed assets
Current assets
Current liabilities
713
110,747
2,400
713
110,747
2,400
Total net assets
109,060
109.060
Page 13

Woodford Communlty Pre-school
Notes to tha Financlal Ststsments for the Year Ended 31 August 2024
(continued)
14 Related party transactions
There were no related party transactions in the year.
Page 14

Woodford Community Pre-school
Detsiled Statement of Financial Activities for the Year Ended 31 August 2024
Total
2024
Total
2023
Income and Endowments from:
Donations and legacies (analysed below)
Charrtable activities (analysed below)
Total income
2,440
229,966
4,956
239,820
232,406
244,776
Expendlturn on:
Charitable activities (analysed below)
Total expenditure
(221,032)
(221,0321
(199,439)
(199,439)
Net income
11.374
45,337
Net movement in funds
11,374
45,337
Reconclllatlon of fund8
Totsl funds brought fop4vard
Total funds carried foNrfard
109,060
63,723
120,434
109,060
Thi5 page does not form part of the statutory financial statements.
Page 15