Parkwood Pre-school CIO. Deanwood Drlve. Rainham. Kent ME8 9LP Tel: 01634 231425 Email: parkwoodpresthool@btconnert.com Registered Charity: 1161834 Manager: Miss T Rye 2023124 Report Parkwood Pre-school CIO has been open since 1997 and serves the local residential and surrounding community of Park Wood. The setting operates from large static units in the grounds of Park Wood School Federation and has an extensive outdoor area, accessed by the children daily, plus a 'forest area, which children access for one full day each wee Children from the age of 2 years attend the setting for a maxlmum of 15 hours, term time only. Free 'Play sessions. are on offer for children who are not yet 2 and will be starting in the 2year old room and children not yet 3 years old who will be starting in the 3year old room. Children are accompanied by their parent/carer. Session times are 9.00am- 3.CKlpm. Also, on offer a'Breakfast Club, starting at 7. 30am. 2023124 During this period 94 children were on roll. Successes Roof on 2 yr unit replaced Roof 314 building repaired Third outside notice board purchased Longterm student Concerns How the 2-year-old funding will affect the business Reduce 314-year-olds per session as setting cannot employ another practitioner due to outgoing Costs Ways forward Physical indoor equipment required for 2-year-olds. PARKWOOD PRE-SCHOOL CIO Financial Statements for the year ended 31st March 2024 Parkwood Pr• 8clM)ol CIO kndepndent examlnef• report lo the tru•tsg• oftha Parkwood Pre school for the yoar •nded 31 Ma￿h 2024 I report on Ihg xcounts of wlwny fw tho yw ￿d￿d 31 March 2024 ￿1th are $et tjjt on pages 2 to 6. R¢¥p¢ttiv• rwJponsibllltl8¥ ol 4nd examln•r The trUBle￿ are re8pon81￿8 for the preparatton of tha acwjnts. T*8 I￿￿ta•￿ tr)n8kler that is not requwed for thi9 year under 8eGtlon 144121 of the Charit￿8 Acl 2011 Ith8 2011 that indepondent •xamlnakn ts ne8ded. l am qual51￿ to undortak8 the examinatton by being a rr*ffll otthe In5tibJte ol Ch8rtwad Ac£wn¢ants for Engl*KI and Wales. Havlng saU8fiod myself that tt)6 charlty 16 rnt subject t£¥ 4Ltdft ￿dar Lxryany l**J and Is a￿91th for kndepeTrJent 8xamlnalhJn, It b my to". examine th¢ ac£ounts Under￿ct￿n 145 ofth8 2011 Art to follow Ihe prrKedurès18id du•m ln th8 g￿Tal Dir8ction& 91￿ by thg CharlOg• ¢￿￿￿10n und s￿n 1451Sllbl ofthe 2011 A¢L' and tc¢ 6tste**ether pa11k￿ar rnatter8 h8ve o)w*to my atl•nJon. Bas18 ol Ind0p•nd￿texaM1n?ts rnport ty exarninAt￿ wa$ caffled out in accordar￿ *Yth the generd directK)ns gi¥•n by the Charity Commva8ion. An examinalpJn indud88 a of the accowtiig rO￿T￿5 kept by the d)arfty gnd compariwn of the accounts presented wth those records. It d80 indude8 COn￿d¢rath￿ of 8ny unusual il8m5 or di8cknÈur•4 in Ihe accouftts. and 88eklng explanoti¢ns from you tsust¢O8 corwnirwJ any rnatt8r8. Th8 PKt8durés undertakEfi do not wovide au the that w0￿d l>e Tequired in an audit and conseryentty nD wnion 1$ ¢iv8n as to thther Ihe account8 wesent a ue and t￿r￿1*•I the report is limit&J tothose matiers set(￿rt in the statement tel￿. p•nthnt eXan￿n0￿8 st4tgmBnt In ￿nn¢¢I￿)n with my examhatkjn, no matt•r ha8 ccffio to my attention gfvgB me rèa$on ra￿￿ to b81i8¥8 thot w any material r8sp8cttho rnquiMmeThtA.' to keep a(tounlng records in ac¢ord8nce with sect*)n 386 of Companies Act2006', arKE to prepare *counts bthch accord vllth the accourntiTrJ recordB. compty ¥Ath thg ac￿unts"ng roquiremenls Df Bgction 396 of the Cornpènies Act 2006 with rnethods and pr￿Uple• of the Statementof R￿0MMended Prrdt•.' knunlng and Rryorb"TrJ ty ChwWg$ have not b•en meL Jenntsr ￿￿ar￿￿on Charter8d Accountsnt 16TH July 2024 Parkwood Pre-school CIO Statement of Financial Activltles for the year ended 31st March 2024 Nots$ 2024 2023 INCOMING RESOURCES Incoming resources from gen•rated funds Voluntary Income 259.178 227,887 Intefest recEtved 145 60 Totsl Incoming Resources 259,323 227.927 RESOURCES EXPENDED Co#ts of gènèrating funds Costs ol generating voluntary in¢orne 248,187 243,395 Total resources •xp&ndèd 248,187 243,395 NET INCOMING RESOURCES 11,136 115,4681 RECONCILIATION OF FUNDS Balan¢e brought forward 56,815 72,083 TOTAL FLINDS CARRIED FORWARD 87,751 56,615 Parkwood Prg4chool CIO 8alan¢e Sheet As at 31 MarGh 2024 Not•s 2024 2023 Fixed assets Tangible assets 14,244 15.345 Currènt a*&•ts Prepayments Cash at bank and in hand 6,595 4,636 38,527 43,163 50.155 56,750 Creditors: amounts falling du• wlthln oneyear 13,2431 11.893) Met current ass•ts 53,507 41,270 14•t *ss•ts 87.751 56,615 Funds Profft and loss account 67.751 56.615 Shareholders. funds 67,751 56,615 Chairperson Approved by the Ixiard on Parkwood Pre-S¢hool CIO Notes to the Accounts for the year ended 31st March 2024 1 Accountlng poll¢le8 Ineomlng r•sourees All incoming resources are included on th• Statem8nt of Finanual Activities when the charity is legalty entrtlèd lo thè income and the amount can be quantified wrth reasonable accuracy. Depreciation Depreeiation has been provided al the fdlowing rates in order lo Wri￿ off th• assets over their èstimatèd us•ful lives. Lèas•hold Improvaments Plant and machinèry 20% straight lin• 25% reducing b81anee FundAccounting Unrestricted funds can be used in accordance wrth the charptable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restricted purposes wthin the obj'ects of the charity. Restrictions arise when specified by the dot)OT or when funds are raised for parbcular restricted purposes. 2 In¥￿tment Incom• and M•nagement costs 2024 2023 Investment Inc*)m• Interest Teceivable 145 Investment managèment costs Property repairs 12,839 17.795 Parkwood Pr84chool CIO Notes to the A¢￿￿nts for the year ended 31st March 2024 3 Tan9ible fixgd assots Lea?hold Improv•m• Plant and machinery etc Totsl At 1 Aprll 2023 Additions 2,600 2,750 5,350 39,406 42,006 2,750 44,756 Al 31 March 2024 39,406 Dèprèciation At 1 April 2023 Charge for the yèar At 31 March 2024 520 535 1,055 26,141 3,316 29,457 26,661 3,851 30,512 Net book value At 31 March 2024 4.295 9.949 14.244 At 31 March 2023 2.080 13,265 15,345 4 Debtors 2024 2023 Other debtors 6,595 4.636 5 Creditors: amounts f•lllng du• within on• y•ar 2024 2023 PAYE and N Other ereditors 1,187 2,056 3,243 1.893 1.893 6 Mov•m¥nt in funds 2024 Unrestricted Fund$ At 1 Apnl 2022 Nel movement in funds 56.615 11.1 At 31 March 2023 67,751 Incoming resources Resour￿$ 0x￿nd•d Movtrment in funds Unrgstrlctsd funds General Fund 259,323 (248,1871 11,136 Totsl funds 259.323 248,187 11,136 Parkwood Prè-school CIO Detalled stalemenl of flnancial a¢tivitlgs for the year ended 31st March 2024 2024 Unrestricted funds 2023 Unrestricted Funds INCOMING RESOURCES Voluntary incomo Nursery Education Fund Se$$ions Sundry income 182,001 76,332 154,283 73.084 500 227,887 259,178 RESOURCES EXPENDED Overheads Nursery consumables Wage$ ¥nd salaries Employèrs N81ional Insuranc¢ Slaff pensions Stsff training and welfare Travel expenses Rent Light and Heat Cleaning Telephc>ne and fax Subscriptions Marketing Printing and Stationery Insurance Depreciation sO￿are Sundry expenses Property Maintenance Accountancy fees 10.679 187.464 6,584 4,037 3,093 7,777 188,166 3,998 2.153 200 5,100 4,359 807 1,178 673 98 576 2,264 4,942 216 525 17,795 2.568 5,350 5,285 106 886 99 972 3,698 3,851 403 179 12,839 2,662 Total r•$ources exwnd•d 248,187 243.39S Parkwood Pr• School CIO lnd•P￿d•nt •xamlnovS rnport to th• tru•t¢e• of the Parkwood Pye School forthe year ended 31 March 2024 I r¢port on 8eeount8 of the cornp￿ for Ih8 year eTrJ8d 31 Mar¢h 2024 **AW) $et wt on pages 2 10 8. ReBpeGtSvo re8pon81bllftles of 1rust￿l xnd trxmrnit Thè tnJst885 8r8 r8spMslb￿ lor Ihe [warn￿Oft of the a¢wuDts. The *wsÈee& conolder lh* an audit is nc4 required for this year und•r 58CtiDn 144121 of the ChaTilio8 Act 2011. It￿ 2011 Act) and Ihat an Ind8p8ThJ8nt gxamknation ￿ needed. l am qUal￿d to undertake the examinabM by b￿.￿ 8 mami of tho Inslitirte ofCharter8d Accountants fry Ffi￿and and H•viTrJ sat￿￿0d my8eL• thot ¢*arity li nc4 subject to audit under ￿rnPanY and a￿alb￿ for In