WEST HILL PRE.SCHOOL IA company limited by guarantsel UNAUDITED FINANCIAL STATEMENTS ST YEAR TO 31 AUGUST 2024
WEST HILL PRE-SCHOOL UNAUDITED FINANCIAL STATEMENTS YEAR TO 31- AUGUST 2024 CONTENTS Page Legal and Athninistrative Irrfcm)ation Report of (he Trustees Drectors, Report 2-6 Ir¥Yependent Examir*s ReF¥Nt Statem&tt of Fick1[ PKbvpiies Batance Sheet Notes lo the Fnancial Stalfmonts 1CL15
WEST HILL PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION YEAR TO 31- AUGUST 2024 CHARITh NAME West Hill Pre-school REGISTERED CHARI NUPIJBER 1162644 REGISTERED COMPANY NUMBER 09308414 [EryrKI aThY Wales) REGISTERED ADDRESS Wgst Hill Village Hal Beech Park West Hill Ottery Sl Mary Dev EX11 1UQ CVRRENT TRUSTEES Samuel Lees (Chairl Nicky Rees (Secretary) Sophie Pr1dd (Treasurer) H8n Barry (Tieasurgrl Sarah Gill (Safeguarding Lead) Heather Bull Emma Dastrfyywd Francesca Thom*Davi68 INOEPENDENT EXAMINER Mr M B J Cronin MAAT FCIE Bowhill Bookkeeping Services 172 Newman Road Exeter EX41PQ
WEST HILL PRE-SCHOOL REPORT OF THE TRUSTEES INCLUDING DIRECTORS, REPORT FOR THE YEAR TO 31- AUGUST 2024 The Iru¥tee3, who are also Director3 of the charty for th8 puw3 of the cCpan$ Act 20C6, kyesent their rewt with the financial statements of the chafiiy for the yeaf ended 31rt August 2024, The financial Statents have been prepared wifh the Slalernent of Recommended Praclice.. Acc£MJnting d RepNxting by CharrtE$ preparrg their accounts in aCcOrdce wrth the Financial Reping sidard applicablg in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- (Charities SORP {FRS 102118nd wsth Ihe Financial Reporting SlarKlard applicable In th8 Unit&J Kwdom and Republic of Ireland (FRS 102). Th¢ financial statements have also been prepared wth th9 Charities Act 2011 1 2022 amendments and the small Ccfftpans regime Isecticn 419121 of the Ccmpanies Act 20. STrUCTURE, GOVERNANCE AND hlANAGEMENT Govaming Oocument The organisalion is a d)aritablg company limited by gu8rantee. incorporated on 12th November 2014 and registered as a charity with the Charity Commission on 131h July 2015. The company was established under a Memorandum of Association which gslablished the objectives and powers of thè thariiable company and is governed under its ArtiCS of Association. In the event of the company being wound up membeTS are required lo contribute an amoLrt not exceeding £10. The trustees are 81ecled by the members or ctropled by the Irusle88. One third of tha rnembérs must retire al th8 AGM but members may be reappointed al thg AGM. Organlsatlonal Stfucture The trustees who serv&J duriThJ the year and up lJ the date the report was approved are as follows.. Nid(y Reas ISe(Trtary 181h October 2023- 201h Fgbnjary 2024 11 Chair from 2Uh February 20241 Saratt Grace Bennett (Setary from ts February 20241 Helen Barry (Joined the Committee 18 October 2023 11 Treasurw from 30 April 20241 Sophie PrAl (Joined the Committee 1 October 2231/ Treasurer from 3( A.12024> Hannah Claxton (Safeguarding Lead until 16 Juty 2024, resgned 16 Juty 20241 Sarah Gill (join the Committee 27th June 2024 and bgcame Sateguardir@ Lead from 16th July 20241 Franc85ca TIKMnas-Davvas (from 1801 00er 20231 Yusur Goodfelknw (Chair until 20 February 202411 until 161h July 20241 Heather Halther (Treasurer until 301Th April 20241 Hannah Pantling (resigned 18th Oclthr 20231 Claire RayrÉr {fftsigned 20 Febnjary 20241 Susannah Wagg (resigned on 1Vb October 20231 Leyla Nith(Jls (from 18th October 2023 untsl F8bru8ry 20241 Newly appointod trustees: Sam Lees- Ekcted as Committee Chair from * O¢tober 2CY24 NKJ(y R*s- Re$Jn1 as Chair, arKI eleLtted as Secretary from yh October 2024 Sarah Gill- Continuing as a Trustee arKI Committee Safeguarding Lead Emma Dashwotjj and Heather Bull- New Trustees from 9 Octobw 2024 FrarSta Thomas-Davtes- continuing as a Trustee. Sophie Pr1dd and Helen Bary- continuing as Trustees and Committee Treasurers. Sarah Gra Bennett - Resigned from Committee on yh October 2024 {to remain on the Fundraising Commbtlee).
WEST HILL PRE4CHOOL REPORT OF THE TRUSTEES INCLUDING DIRECTORS, REPORT FOR THE YEAR TO 31- AUGUST 2024 OBJECTIVES ANO ACTIVITIES {contlnuedl The aims of the Prg-sehool are lo enhance the development and education of childran primarity under statutory school age by encouraging P8fents to understand atxl provK* for needs of their children through Community groups and by. Offering apprcprial8 play, 8du¢alion and care fa¢ili1188. family laaming and 8Xtandéd hwr$ groups, log8lher wrth Ihe right of par&nls lo lak8 responsibilrty for and lo become nvolved in aciivilies of suth group5, ensuring that such oroups ¢)ffer opportuniti85 f(x all children ateVer their race, ¢ullure, religion, means or ability., encouraging the Study of the needs of such children and thew families and promoting public interest in and reccfvjnilion of Such neèds in the local arèa. Activiti88 which demonslrale thes8 obje¢lives have been met include.. Pr&School runs 8 su¢¢e$sful w•ekly toddler group open lo I1110$ with babies and loddkns living in tha local 8rea. Pr8-School is open 5 days a week Ilerm lim•l. Se$$ion$ offer Il&xibilily to meet the individu81 needs of parenlslcarers. The doy is split into s•s$ions and par8nls are free lo choose a o)mbin81ion of sessions, inrtially up lo a rnaximurn of 6 sessions. however further sessims are p8rmrtled rf space allows Pre-school runs an after school club session from th8 end of the sch1 day lo 5.30 in the èvening. Thi5 Sg5sion includes school aged children. Th8 after sthool club runs Mtyylay - Thursday term lime. Places are 8V8118ble lo children a12 years. Pr8-Sehool 8cc6pls Devon County Coun1 fundmg for 2-y6ar olds and 34 ye8r Olds and Is also h8ppy lo receive payment frcffi paranl8lcarers either in full or in inslalmenls via cash, cheque, BACS or childcare vouchers. Pr8-School uses the Early Years Foundation Stage curricjjlum and links all aro8s of L68ming and Dèvalopmenl into the daily planning and observ81ions. Pre-school's approach lo 18aming prornoles th8 development of uoalivity, individuality and self-confid6nce. Our environment inrpOrat$ both indoor arKJ Outd 'l8arning' philosophy beng 'whal can bo 198ml Insidé ean bolgamt outside,. Pfe-school incorporates the Govemm•nl'$ liléracy'guidelines Letters and Sound$. into the daity routine, thus davelopino children's speaking and lisl8nirg skills fr(xn an early agg. Pre-school has a large selection of loys and equipment. Th0$0 are reviewed fegularty and upd81gd lo en88 they link lo the children's cJJrrenl interèsts. Drfferent aciivi1185 ar8 planned each day such as craft. painlirKJ, and baking, include plerrty of outd¢)or play, weather pemiilling. All stsff ar8 fijlly trained with re18vanl qu8lrficatns and attond first aKt and 8afegu8rding training regulorly. P8renlallcarer involYem8nl lakes place in a vanely of ways. Paronts can join the committee and 8Ctively p8rticipalg with th8 overall running ol the Pre-school, volunlfjor on an ad hoc basi$ or help pLgn and Tun fundraising events, Parenlslcar8rs receiv& regul8r communution regarding Pr8-Sth¢)ol matters and also receive constant updates regarding their thild's development via online profiles. Pf&School aims to ensure all seclions of ils communty have access lo the settirva IOUgh open, fair and olgarly communicaled prcKedures. The tru51ees have given due consideration io the Charity Commission's publ1stl guidance on the Public Benefrt requirernenl under th& Charities Acl 2011. The Iruslgos arn salisfied that the 8Ctiviti&s oullingd abov6 meet the public b¢nefil purpose of the advancement of educal¢on.
WEST HILL pRECHoOL REPORT OF THE TRUSTEES INCLUDING DIRECTORS. REPORT FOR THE YEAR TO 31ST AUGUST 2024 ACHIEdEMENTS AND PERFORMANCE The 202312024 academic y8ar continued with Natali& T8yIcK 8s Pr&School Manager. Numbers were lower during the Autumn Terrn, however numbers of children picked up throughout th8 yÈaT. year started with 23 Child on the register139 th8 prOvu5 year) 6ndod with 31 thildr8n {44 the previous yearl so th8r• was still the need lo advertise Pre-school in th8 local ar88. This was done through Facebook posts and also through the parent led Toddler group, which runs in th8 Village Hall on a MdaY moming. V4fjlh 23 children on the register numbers were muth lowef than the previS year for the auiumn temi. Pr9-school will continuè to op8rate 5 days a week with both moming and aftemoon s8ssions being offered. The Summer Term began with slightly hwer child numbws but lower than the previous year. We continutr to hove th9 wonderful Mrs Wilson frorn JW Dan join us on Tugsday momings. This session gives the chiltren lots of opp)rtunity to dance and move to music led by a wofessional dance teacher. This academic yearthe Pre-school arrarvJed hvo Parenlsevenings. Parents were invited into the setting lo discuss their child's development and progress. These wer8 really succ8ssfvI. arKI the parents all appreciated tha dediealèd time to spend lalkino about their child wilhoul Ihg rush of the moming dr¢)P off an aftemoon pick up. Celebrations that we all 9njoyed at the FX8-school wrth the children and their families weré.. Harvest festival. Molherfs Day, this was held in the pre-school gard9n with dec£)r8d tablas The chiklren loved getting the garden ready and then serving lots of yummy cakes to the parents and carers. Easter Egg Hunt around the school field with the reception class in Wesl Hi15 Primary School. There were dues to follow and an easter egg 8t the for each child. Fatherfs day~ a lovely opportunity to celebrate, wth some lovely grtts mad8 by th8 childrgn. Sports day held in the sthcvS f]d with parents ablg lo watch, we had a mix of $, relays, and a parenvs race. Graduati Ceremony-a lovely way lo end the academic year wth all of our wadualing ildren lebraling their successes in pre-school. The Pre-school continues to offgr the Aftèr School Cbjb, which runs Monday ~ Thlxsday term tim8, 3.15pm-5.30pm. The after-sthool club is open to all children trom both th8 Pre-Schcx)18nd Primary school beeen the ages of 3 and 11. This has continued to be a populw Pfovision fci the school. Enquiries have now been made as lo the demand ofoFening a breakfast clth, rfthis can b8 St8ff8d 8Tr enough interest is shown. The committee organised the following fdraiSIng events.. Christmas bazaar with raff18 Fizz and Qutz Night Cake Sales x 2 Summer Fete take and loy sl811 Communication wth Pre-S¢hool members and local community continues through.. alsapp group communication (parent led group) Facebook page and Inslagrwn page Advertising toddler group - prices were agreed at a Committee me8tfftg in July 2024 to be reduced lo allow mcfg visitors lo attend. 8SF)9cially with siblings as wevious pri¢%s were limiting numbers Advertising the setting cn sctial media and in Ihe sthool newslaller
WEST HILL PRE4CHOOL REPORT OF THE TRUSTEES INCLUDING DIRECTORS. REPORT FOR THE YEAR TO 31- AUGUST 2024 ACHIEVEMENTS AND PERFORMANCE {¢ontlnuedl Staff update: R6cnJitmenl has oncè again been a huge part of Pre-school over v8riws lems. have been exceptionally busy running at maximurn capacily in all our sessions and working hard lo lo our staff numbers to keep thg w6-sthool running in Ihg samé way f¢X thé 18ms and years ahèad. New staff mombars.. Georgia Chapman, Pre-s01 Assistant, commenced June 2024 Caitlin Young, Pr8-sthool Assistant, comrned Jun8 2024 Hannah Sullivan, Assistant Manager. cc¥nmenced July 2024 Joanna Bromley, Business Support, cornm8rt8d June 2024. Staff members that have left th8 setting arg.. Helen Baugh - January 2024110 remain as a bank member of staff) Naomi Loosemore- May 2024 Felicty Carpenter- June 2024 Louise Haffis- June 2024 Louise Down- July 2024 (to remain as a ba{ member of stam. FUTURE PLANS: To open a holiday club for thildren aged 310 11. To expand our breakfast club and after school club wrap arour¥J care. Continue to raise funds though Mmittee run events. Applying for grants and gaining funding for medium to long lern setting inprovements. FINANCIAL REVIEW Income for 2>24 was £141,791. This is compared wilh £130,959 in 22-23 {an increase of £10,832). Income from Early years funding was £73.1181£89,OOS in 22-23). Numbers of children in the Spring and Summer of 22-23 were v6ry high, resullwig in a hKJh amount of funding t*ing reiVed in those Iwms. The Autumn term in 2>24 started wrth a big fall n numbers. due lo a high number of the previous years, chikyren starting school. therefore the EYEF income f811 dramatically that tem. Fees from parents totalled £27,2991£19.608 22-231. After sthool club income tolalled £19.615 lan increase of £8,8}. This incTr8se is due to After School Club increasing back to four days a waak. Fundraising raised £2,222 Ilncome less cosisl. Expendtture for th8 year was £143,507.122-23 was £134,196, an increase of £9,317). There has been one increase waggs, in April 2024 to Ing all staff pay above national minimum wage. Largest expendrture were wages of £118,043.122-23 was £110,951. an inc¥ease of£7,02). Rent was £10.737 lan increase of £1,471, largely duè to after school club hall hirel. Administralii)n costs e.g. OBS clearanc8 ched<s, insurance. phone, Ofsted Gamg 10 £1,934 la decrease of £1.4321. The Pre-S¢hool previousty invested in staff training for Helen Baugh who undertk Level 3 training {£1.4CQ). The total oflhis course coslwas claimed back in instalmenls following Helen's resignation. as the study remained ongoing. Two apwen11ShlpS will commerte in Octc&er 2024 for new staff. There is a deficit of £1,716. this comperes to a deficit in 22-23 of £3,237. Three invoices for chiSdcafe remained oulslanding from 23-24, to the value of £1,092. Tho balance of these three was paid by 11111r2024.
WEST HILL PRE-SCHOOL REPORT OF THE TRUSTEES INCLUDING DIRECTORS, REPORT 8T FOR THE YEAR TO 31 AUGUST 2024 FINANCIAL REVIEW {¢ontlnuedl The onIng balane& for the current aecounl was £14.578 and c¢osiro balanc8 was £13,569. Th6 savings account (used ag an 8mergency lundl cpened wiltt £31,925 and ch)$8d with £32,365 Thè only aetivrty on this account was interest paid in, and a grant received and transferred into the general accoLWtt. Accounts will be examined by an ndependent examiner and a final full sel of 8¢tr)unts will be sent to Companies Houge and the Chaniy Commission in due coutse. Finally, we would like to say thank ycrtj again lo everyona who has supported Prfrschool over Ihg past year. Particularly r wondarftjl and dedicated committee, WI have been so supportNe lo our staff team, taking time out of their busy schedules lo help whon required. We are confidenl we can have another sucLessful year seeing Ihe children Ihnvo in a supportNe environment where staff and parents work alongside each other for th8 benefft of the ¢hildren. RESERVES POUCY At the year-end, the tharills unrastricted reserves amounted lo £47.280. £32,365 is held #i a savings bank account by the Iru$l80s as a designated fund as provision for any fLrtvr8 redundancy payments. The remaining reseTV8S cover belween 1-2 morrths unrestricted expenditure. STATEMENT OF TRUSTEE'S RESPONS181LITIES Thé trusté8s (who arg also the directors of West Hill Pr&School} are responsibl8 for praparing thè annual r&port and the accounts in accordance with applicablo law and regulations. Companylow requires thg diTeciors to weparg finanrial statements for eath financtal year. Under that 18w the direclors have elected to prepare the finanaal slalemenls in accordancg With United Kingdom Ggnerally Accepted Accounting Practic8. Under eornpany law thè direct¢Jrs must not approvè thé financial Stat&MtS unless they ar8 satisfied that they give a tnjo and fair vigw of the slate of affairs of the ¢harit*) company for that wiod. In preparing these financial stalemenls, Ihe directors are required lo.. select suitable ae£ounting poliaes and then app them consistenlty., observe the methods and princples in the Char¢ii8s SORP.. make judgements and aslimates that are reasonable and pent,. and prepare the finanaal slalemgnts on the going concern ba515 unless it is Inap[priate to presume that the charity will continue in business. The dirertors are responsible for keeping adequate acajunting records Ihal are Sufficient to show and explain the company's transaclitjis and disck)se wilh reasonable accuracy at any lime the financial posilion of the Charitab company and to enable them to ensure that the financial statern8nts comply with the Companies Act 2006. They are 81s0 r8sponsSble for safeguarding the ass81s of the ehafilabl company and henco for taking roasonabl? slop$ for the prevention and detection of fraud and other irregularities This report. which have been Ppad in accordance with the provisions in the Companies Act 20C6 relating lo sm811 companies, was approved by the InJsle&s on thoir bahalf by.. . n/.£/..2) 2r.... and signed on ee SA Ivk LESS
WEST HILL PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST HILL PRE-SCHOOL I rewl on Iho accounts of Ihg company for th& year lo 31 Augu812024 are set out on pages 8 to 15 Responslbilltles basls of weport As the charily's trustees of Il Company land also ils directors for the purposes of compary lawl you are responsible for the pr¶tion of Ihe accounts in accordance with thè raquiremenls of the Companies Act 261'the 2(X6 Act'i Having satisfied myself that the acLounls of the Company ara not requKed to be audited under Part 16 of the 20 Act and ar8 èligible for independent examir)alion, I report in respect of my examnalion of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 A¢X'). In carrying out my examination I have followed the Directions given by the Charty Commission under section 145(51 Ibl of the 2011 Act. Indopgndent exaftlnerfs statswffit I have completed my oxaminalion. l ¢onfm that no matters havo come lo my attention wrth th8 examinath)n gNing me c8use lo beleve.. aCuntirQ records w6Ye not kept in resFect of the Company as r8quwed by section 386 cl the 2¢])6 act.. or 2. the actr}IS do not accord wrth th050 rec43rd5' or 3. the acLxunls do not comply with the ao>)unlino requiremerrts of Secti 3 of thg 2CK)6 Act other than any iequiremenl that the ac£ounts give a'lwe and fair vievl whith is not a matter ccfflsidered as part of an independ8nl examination." or 4. the acc4)unts have not Fxepared in a¢Xx)rdanc4 with the methods and princip of the Statement of Reo)mmended Practice for accouniing and repJb'ng by charitS lapplicabl8 to dr11$ prepanng th8ir wiunls in w)rdarKe with tha Fiianci81 RewknrKJ Stard atplicable In tho UK and Republic of Ir6Land IFRS 102)). I have m corKems and I havè come acoss no other matters in conn8dion with ltte ex*nination to which attention Shou be drawn in this rewt in order to enable a prcper understandiryJ of the accounts to ba reached. Mr M Cronln MAAT FCIE Bowhill Bookke6plng Servicos 172 Newman Road Exeter EX41PQ
WEST HILL PRE.SCHOOL STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENI)EO 31ST AUGUST 2024 Total Funds Unrestricteil 2024 Fund8 Total Funds 2023 Unrestrlcted Funds Restrictsd Funds Rèstrictsd Funds INCOME FROM: Don8tK)ns Charitabl8 aclivilies Other trading acttvrties.. Fundraising inc¥Jme Investment IroMe.. Bank interest Other 12 13 73,118 47,260 3,096 440 14,977 76,018 47,260 89,550 30,673 3,817 115 gJ,050 30,673 3,817 115 149TI TOTAL 138,891 2,9)0 141.791 130,459 130,959 EXPENDITURE ON: Raisry Funds Charitable aclivitie5 874 139,733 874 142.633 8C 132,896 14 2,0 133, TOTAL 140.607 143,507 133,696 134,1 NET MOVEMENT IN FUNDS 11.7161 11.7161 {3,237} 13,2371 RECONCIUATION OF FUNDS: TOTAL FUNDS BROUGHT FORWARD 48,9 41996 S2,233 52,233 TOTAL FUNDS CARRIED FORWARD 47,280 47,280 48,9 48,9
WEST HILL PRE4CHOOL BALANCE SHEET AS AT 31" AUGUST 2024 Noto At31st August 2024 At31° August FIXED ASSErs Compukèr Equ4Nnenl 207 CURRENT ASSETS: Debtiys Cash al bank and ni 1474 45,934 3,765 46.503 50,268 LIABILITIES: Creditors.. Amounts falling due within one year (1,128) 11.4791 NEf CURRENT ASSErs 47.280 48.789 TOTAL NET ASSETS 47.280 8,9 THE FUNDS OF THE CHARITY.. Unrestricted Furvjs Designated Funds 14915 31365 17,186 31,810 TOTAL CHARITY FUNDS 47,280 48,996 Forthe yearerKlirg 3151 August 2024. the ch¥itabla company was enlitwj to exemption from audit Lnjer seclion 477 of the Compani&s A£t 20C6 relating lo small companies. The not6s on p4es 10-15 form an integral part of these aunts. Rospon$lbllltles of tfU8t• la) The momb9rs hava not requir1 tha tharitable company to obtain an alIt of fts accounts for the year in question in accordancE wth sectK)n 476 of the Companies Act- Iv)wever in accordance with seCtn 14S of the Charities Ad 2011 the ?CCAxts have been examined by an indep9ndent exarniner whose report appears on pag9 7. Ibl The Irusl*S ackrth41edge responsibilitie$ f¢Y ([plyIng with tho requirements CA the Compan$ Aci wth respect to a<uuntirKJ rocords and trle preparatK)n of accounts. These fanCIal stalemonts have been prepared in a(rdance with Fyovisions aPIcae to companies subject lo the smau o)mpanras' reg¥ne and in accordance with FRS 102 and were ap[V&d bythetrusteeson........J.Z/..11..2è.ZS....... . and signed on Ih8ir behaw by: S Art Lfrs
WEST HILL PRE-SCHOOL NOTES TO THE FINANCIAL STATEPAENTS YEAR TO 31- AUGUST 2024 ACCOUNTING POUCIES a) 8asls of Accountlng Tha finana81 statements have teen wepared wilh the Sialemerrt of Recnmmend&l Pradice.. Auting and Reportng by Charities preparing their accounts wi acc(danCe wrth Ihe Financk71 Reporting SlarNJard applicable in ts UK and Republicof Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 12)18nd wth the Financkgr Reportng Slalldard applic8b in tha United Klngdom Republic of Ire18nd IFRS 1021. Tho fin8nci81 st8temonts have also been prepared wth tha Charit3 Act 2011 ar¥J 2022 amen(trnents and th6 pmall Compans regime (section 419121 of the Companies 20C6. È51 Hill Pre-schcd meets the definition of a publ¢ benefrt tity under FRS 102. Th8 f1n8naal statements have t8n prapar8d under historical cost o)nvention wrth i(8ms reeognisgd al $1 or transaction value unbss othemise stated in the relevant rotes to th9 aCrtS. b) Tanglble Flxed Assèts Computer equipment costing more than £SXI i8 capit81ised aTrJ at 2S% on a straMJht-line basis. c) DBbtors Other debtors are measur1 al their recoverable amounts. d) Cash at l>ank Cash a bank includes short tami hghly liquid investm8nts with a short maturity of three month5 Qr less from the dale of acquisition or openiro of tr¢e deposit or similar account. el Creditors Creditors are r8crynised when the charty has a present ctligation resulting from a past event Ihat will probably result n the transfer of fiJnds to a third party and the amount due lo settle oblualion can be measured or eslimaled relkgbly. Creditors a CallY reccJnised at their settlent amourrt after alknvtrvJ for any trade discounts due. f) Income AJI irwmg is itKkJded in thg Statement of Finanaal Activilieswhen the charity 15 lagalty entitled to the Ince. receiptas probablè and th& amountcan b&quantrfied wrth reasonable 8ccuracy. Donath)ns arKI wants a recognised when received by on behalf of the rtrity. Fees ap recognised when they tOme due.
WEST HILL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31- AUGUST 2024 ACCOUNTING POLICIES (conllnued) g) Expendlturn Expenditure is indL*Jed on an acc15 basis. Rai8nJ funds are those costs irwred in fv¥Klraising. Charitable 8xpendituTe are co315 irtsJTred by the chwity In the delivery ol Its &tlvltles and services for its b8ficiaaS. h) Volunteer halp The value of Y voluntsry received is not induded in the accnts but is descfbed in Irustoos. annu81 r8w1. l) The Funds of th? Charfty Funds hold by the tharity are.. Restricted Funds These are funds leh can ¢)nty be used for p¥b"oJlar reStrted wrposes within the objects of the charity. Restridn5 arise when specifi&Y by the th)nor crwtEn the funds ¥e raised for particular purFoses. Unrestricted Funds These are funds that are not sutr4.ect to any reslril#ns regardiro their use aThJ are available fc¢ applicatKsn wSthln Ihe charttab19 otrlfjcls I( thg gernral purposes of the charity. Designated Funds Th8se are funds that are earmarked by the trustees for sp8cffjc purp)ses in the fvtwe. The trustees have the power to r&designate such funds within the unr8slrided funds. Jl Financial Instrumants The tharity only has financial assets and liabililtes of 8 knnd that qvalrfy as basic finanaal instruments. Bas financsal instrurnents are inrthslly reccgnised at transaction value and subsequenvy measur8d at their settlement val. k) Going concem The tnjstees consider there are no material Lrtertainties atxxrt cfkgrity's ability lo continue as a going cLYeM. LEGAL STATUS OF THE CHARITY Tho charty is a company limilgd by guaranleg and ha$ no share capital. The liability of eath member in the avent of winding up is limited to £10. TAXAnON As a charity, Hrfl Pr&ScFKL)l is exempl frcth lax on income gains tsllng within sectn$ 10 493 of the CorpcTrlion Tax A¢X 2010 lo the extent that knes8 are applted lo its charitsble wrws8$. No tax chargas hav8 ari58n n th• charity.
WEST HILL PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST AUGUST 2024 TANGIBLE FIXED ASSETS Computer equlpmont COST At 1 Septemr 2023 & 31 August 2024 2.396 DEPRECIATION At 1 Septemtw 2023 Charg& for year 2,189 207 At 31BI ALousI 2024 2,396 NET BOOK VALUE At 315t AUgt 2024 At 311t August 2023 207 DEBTORS 2024 2023 Othor Debtors PreKwnents 1,382 1,183 2,474 3.765 CREDITORS: Amounts falling duo within ono year 2024 2023 Other Credi(ors Amals 754 725 875 1,128 1,479 DESIGNATED FUNDS Monies have been Pl in a savings bank )Unt a$ &Vision for any bjbjre redLKNJancy payments for af and this is $hwn as a d9Si9nated
WEST HILL PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31- AUGUST 2024 RESTRICTED FUNDS A grant of £2,( was given to the charity by the Gibbins Trust to be spent on equipment which was spent during the year. A grant of £&IO was given from the parish council for a pre-school play kitcAen whith was purchased during the year. EMPLOYMENT COSTS Total remuneration for the year amounted to £118,043. Gross salaries amounted to £110,7*. Pension costs totalled £1,626. Employer NIC amounted to £5,621 . £5,247 was covered by the employment alloWae shown as other incA)me. There were no employees wtth remuneration above £60,(KK). The average number of employees for the year was 11. 10. TRUSTEES. REMUNERATION AND EXPENSES No remuneration directly or indirectly rxrt of the furKJs of the charity was paid or payable for the year to any trustee or any person or persons known to be (xjnnected with any of them. The Chanvs insurance induded trustee indemnty insurarte. There were no trustees, expenses paid for Ihe year ended 31 August 2024, nor for the year ended 31& August 2023. 11. RELATED PARTY TrANSACTIONS There were no related paty transactions during the year. 13
WEST HILL PREHooL NOTES TO THE FINANCIAL STATEMENTS ST YEAR TO 31 AUGUST 2024 Total Funds 2024 Unrestrlcted Funds Restricted Funds Unr6$tri¢tfjd Funds RestriGted Funds Funds INCOME FROM: 11 Donations [)onaticlS Early Years Funding end grant Grant 73,118 73.118 89,OC6 73,118 76,018 89,5S) 90,0 13. Charitsblg aGtivlti Fees- parents Fees- After Sthool Club Fees- loddlers 27,299 19,615 27,299 19.615 19,608 10,765 19,608 10,765 47,260 47,260 30,673 30,673
WEST HILL PRE.SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR TO 31ST AUGUST 2024 Total Funds 2024 Total Funds 2023 Note Unrgstrfcted Restrictod Fund Funds Unrostrlcted Fund# Re8trlcted Funds 1& EXPENDITURE ON: Chat1table activltles Employment St5 Staff training & other staff C13 Consumables LiconGgS Equipment Entertainmenuclasses Rent Insurance Administration Other exp8n8es Grfts lo Staff18avers Amintancy & IndeFwJent exam fee Depreciation 118,043 2,419 1,190 735 1,279 11Q043 1419 1.190 735 4179 880 10,737 110,951 1,794 2,126 175 2,329 575 9.266 177 3.366 401 110,951 1,794 2,191 175 2,764 575 9,266 177 2,0 435 10,737 1.934 $31 531 401 915 915 207 139,733 2.J0 141633 132, 133,3