TESTON & WATERINGBURY PRESCHOOL CIO
REPORT & ACCOUNTS
FOR THE
YEAR ENDED 31 AUGUST 2024
Page 1
TESTON & WATERINGBURY PRESCHOOL CIO
CONTENTS
| Page | |
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| Contents and Advisors | 1 |
| Trustees Report | 2 |
| Independent Examiners Report | 3 |
| Income and expenditure Account | 4 |
| Statement of Assets | 5 |
| Notes to the Accounts | 6-7 |
TRUSTEES
Tina Driver Caroline Smedley Andrew Driver Adele Solomides
INDEPENDENT EXAMINERS
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
BANKERS
National Westminster Bank Plc
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TESTON & WATERINGBURY PRESCHOOL
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The trustees have pleasure in submitting their report together with the Accounts for the year ended 31 August 2024.
CONSTITUTION, OBJECTS & POLICIES
The Teston & Wateringbury Preschool operates under Model CIO Constitution for Childcare Providers 2013, dated 3 April 2015. It is a charity – number 1162154. The objective of the charity is to advance the development and education of children and provide an environment, which is safe, happy and conducive to individual and group play. It aims to prepare children for the discipline and routine of school.
TRUSTEES
The following acted as trustees during the year: -
Tina Driver Andrew Driver
Caroline Smedley Adele Solomides
FINANCIAL REVIEW
This report was approved by the trustees and signed on their behalf by:
Andrew Driver – Trustee Date:
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TESTON & WATERINGBURY PRESCHOOL
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
We report on the accounts of the charity for the year ended 31 August 2024, which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity’s trustees you are responsible for the preparation of the Accounts: you consider that the audit requirement of S144(2) of the charities Act 2011 (the 2011 Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under S145(5)(b) of the 2011 Act, whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINERS’ REPORT
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 of disclosures in the accounts and seeking of 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, we do not, express an opinion as to whether the accounts present a “true and fair view”, and the report is limited to those matters set out in the next statement.
INDEPENDENT EXAMINERS’ STATEMENT
In connection with our examination, no matter has come to our attention:
-
1) Which gives us reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with S130 of the Act; and
-
to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met;
- 2) To which, in our opinion, attention should be drawn to enable a proper understanding of the Accounts to be reached.
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
Date:
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TESTON & WATERINGBURY PRESCHOOL
STATEMENT OF INCOME & EXPENDITURE
FOR THE YEAR ENDED 31 AUGUST 2024
| Notes £ 2024 INCOME KCC Fees 78,667 Parent Fees 30,325 Profit on Fund Raising 1 1,893 KCC Collaboration Grant 1,024 Deposit Account Interest 388 Donations 500 Other 2 205 EXPENDITURE Salaries & Pension 93,356 Rent and Electricity 5,550 Insurance 700 Postage, Stationery & Advertising 1,044 Telephone 279 Playgroup materials, Food & Sundries 1,136 Small Toys & Equipment Shed 378 2,275 Staff Welfare 1,466 Uniforms 103 Subscriptions / Licenses 480 PLA 35 Accountancy & Payroll 504 Training 482 Donation - Christmas Gifts Bank Charges Sundry 143 36 45 EXCESS OF INCOME OVER EXPENDITURE |
£ £ 2023 62,798 36,882 1,838 841 212 500 76 113,002 86,966 5,730 603 1,135 256 707 161 - 446 289 689 35 504 681 25 - - - 108,012 4,990 |
£ 103,147 98,247 4,900 |
£ 103,147 98,247 4,900 |
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TESTON & WATERINGBURY PRESCHOOL
BALANCE SHEET
| AS AT 31 AUGUST 2024 2024 Notes £ £ Cash at - Current Account 1,565 - Deposit Account 25,305 Cash in Hand - NET CURRENT ASSETS 26,870 LIABILITIES Creditors 841 NET ASSETS 26,029 UNRESTRICTED FUNDS Opening Balance 21,039 Excess of Income over Expenditure 4,990 26,029 |
2023 £ 1,850 20,030 - 21,880 841 16,139 4,900 |
£ 21,039 |
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21,039 |
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The notes on pages 6 to 7 form part of these accounts.
Approved by the trustees and signed on their behalf:
Andrew Driver – Trustee
Date:
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TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and include the results of the charity’s operations which are described in the Trustee’s Report and all of which are ongoing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
Income
Income is accounted for as received by the charity.
Value added tax
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Income and Expenditure.
Expenditure
The trustees consider that all expenditure is directly attributable to the charity’s objectives.
Funds of the Charity
The unrestricted funds are those which can be applied for any of the purposes for which Teston and Wateringbury Nursery Group was established.
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TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
AS AT 31 AUGUST 2024
1 PROFIT ON FUND RAISING
| Christmas Raffle Christmas Concert Sponsored Mini Beast Bag 2 School Matchbox Challenge Bug Hunt Sports Day 20p Challenge 2 Other Income Monies received for staff leaving Gifts |
2024 £ 100 344 317 266 423 120 279 44 1,893 2024 £ 205 |
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