PEACHCROFT PRE￿cHOoL CHARITABLE INCORPORATED ORGANISATION FINANCIAL ACCOUNTS 31 JULY 2024 COMPANY NUMBER.. CE004569 CHARITY NUMBER 1163995 VINEYARD ACCOUNTANTS Chartered Certified Accountants 5 The Chambers Vineyard Abingdon-on-Thames PEACHCROFT PRE-SCHOOL FINANCIAL ACCOUNTS YEAR ENDED 31 JULY 2024 CONTENTS PAGE Trustees Annual Report Independent Examinerfs Report on the accounts Receipts and Payments accounts PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 CHARITY COMMISSION FOR ENGLAND AND WALES Charity registration number.. 1163996 Objectives and Activities SORP rol¢wrK* Para1.17 Summary of the purposes of the charity as set out In its governing document The objects of the charrty are the development and education of young people in particular by.. (1 } Promoting their care and safety (2) Promoting their education and promoting parent involvement., (3) Promoting their health and well being., (4) Providing services to support them and their families and carers.. (5) Promoting the services to individuals holding membership of the CIO, AND (6) Furthering the aims of the pr8-school and Ihe leaming alliance. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, project8 or services identified in the accounts. Statement Confirming whelh8r the Iruslees have had regard to the guidance issued by the Charity Commission on publiG benefit P•r• 1.17 And 1 19 The aims ofthe pre-school are to enhance the development and education of children under statutory school age by offering appropriate play, educats'on and care facilrties. P4r• 1.18 The charity has taken note of and had regard for the guidance on public benefit issued by the Charity Commission and use5 this to meet its objectives and in the forward planning of the charity. AC￿$$ to benefits is unrestricted wtthin practical constraints relating to the premises used. Disabled access is available. The pre-school offers care and education for children aged 2 years 6 months to 5 years old. It follows the Early Years Foundation policies and procedures and offers a broad and balanced curriculum. PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 Additional infonnation (optional You ma choose to include further statements where retevant about.. SORP referer Policy on grant makn.ng Para 1.38 Grants are paid out to families of vulnerable children as identified by Oxfordshire County Council. Grants paid out in the period lo individuals amounted to £1,065 (2023 - £600). Policy on social investment including program related investment Contribution made by volunteers P•r¥ 1.38 nla rn1.38 Volunleers (fundraising committee including the Trustees) conlnbute in many ways including organising fund-raising events and providing bookkeeping Servi￿S. It is difficult to quantrfy the cost of the time the volunteers give to the charity but this is invaluable to what they undertake for u8. Other nla Achievements and Performance SORP rvforene* Summary of the main aGhievements of the charity, identifying the difference the chanty's work has made to the circumstances of ils beneficiaries and any wider benefils to society as a whole. Trustees with clear roles in place The prevschool is fully staffed, and job descriptions are clear P¥rn 1.20 We aim for the pre-school run at full capacity. Additional infonnation (optionall You ma choose lo include further statements where relevant about.. Achievements against Para 1 41 nla objectives set Perforrnance of fundraising activities against objectives set Investment performan ainst ob"ectives Other Parn141 nla Para 1.41 nla Last year, the accounting year end was moved from 31 Au ust 2023 to 31 Jul PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 2023 as any incorne re￿iVed in August relates to the next academi ear. Financial Review Review of the charity's financial position at the end ofthe period Par4 1.21 The accounts are showing a surplus for the period of£23.038 (2023.. £6,171 surplus). Income has increased to £176,09312023'. £125.289). The increase is due more Govemment Funding via County Council funding. We also ensure our sessions are as fully booked as possible. During the year. we were received grants from John Lewis for £250 and Christ's Hospital in Abingdon for £4,563. We also ¢eived a payment of £500 under the apprentice trainee 8ch8me. The charity's expenditure of £153,055. (2023.. £119.098) has supported the objectives of the charity For example, the costs of training supervisors enhance the level of care provided to the children using the pre-sch¢JoI. We have also increased our team to full capacrty. We have bèen able to replace a lot of toys and buy laptops as result of the generous grants received during the year. Surpluses made will be reinvested back into furthering the aims of the Charity. Statement explaining the policy for holding reserves stating why they are held P•ra 1.22 A minimum of £52,000 is needed as a contingency fund and a minimum of £10,000 for reseNes. This is to provide reserves to maintain the operations of the pre-school in the evenl of a reduction in numbers attending. Amount of reserves held Para 1.22 All the funds of the Gharity are unrestricted and can be used in accordan￿ bwth the charitable objectives of the trustees and the charity does not have any stipulation on how these funds should be spent. At the year end there were 2 designated funds.. PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 John Lewis - £250 (2023 - £nill - this will be expended in 2024-25 year. Christ Hospital -£302 (2023 - £nil), this will be expended in 2024-25 year. thin the deposit account balanGe, £66,252 is nng-fen￿d money for a potential new building project (2023 - £56,252). The pre-school does not have any restricted funds in this of the previous period. Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern P4ra 1.22 nla Pw•124 Parn 1.23 The charity is a going concem. Additlonal Inforniatlon (optional) You ma choose lo include further statements where relevant about.. The charity's principal ParA 1.47 The charity's main sources of income are sources of funds (including as follows'.- any fundraising) Early year County Council funding and grants Pre school attendance fees Investment policy and objectives induding any social investment policy ado led A description of the principal risks facing the charity Pwa 1.46 nla Pam 1.46 The Trustees regulady review the major risks the Trust faces. Insurance and Health and Safety issues are assessed annually. Structure, Governance and Management Description of charity's trusts: Type of governing document (trust deed, royal charter) Para 1.25 The preTrschool Conslitution was adopted at the Annual General Meeting in September 2016. PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 How is the charity ¢onstituted? (e.g unincorporated association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any ￿rsOn or body entitled to appoint one or more trustees Psra 1.25 The charity is a charitable incorporated organisation, registered on 15th October 2015. Parn 1.25 The trustees are elected by the trustees at the Annual General Meeting. If the appointment proceeds, this is done by a fonnal Deed of Appointment. Additional inforniation loptlonal) You ma hoose to include further statements where relevant aboLrt'. Policies and procedures Para 1.51 The prospective Trustee will meet all the adopted for Ihe induction Trustees. Copies of the incorporation and training of trustees document. recent annual reports and accounts together with relevant Charity Commission publications are made available as required. Training is provided as required. We are an independent community centre based pre school with CIO status and three truslees. The charity's organisational structure and any wider neI￿Ork with which the charity work Para 1.51 Relationship wth any related parties P4rn 1.51 Mrs K Thome received gross remuneration dunng the year lotalling £13,239 {2023. 11 months penod £15,710). The salary paid is for her sejvices as nursery nurse manager and was approved by the board of trustees. One trustee had expenses reimbursed totalling £nil {2023.' £878) in respect of administration and pre school running costs. There were no donation$ from trustees or related parties in this year or the previous period. Other. Average number of em ees The average number of employees is 10 (2023.. 8). Reference and Admlnlstrative details Charit name Other name the chari uses istered chari number Peachcroft Pre School 1163995 PEACHCROFT PRE SCHOOL CHARITABLE INCORPORATED ORGANISATION TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024 Charity's principal address Communty Centre, Lindsay Dnve Abingdon-on-Thames Oxon OX14 2RT Names of the charity trustees who manage tho charity Name of lor body) èntit10d to appoint trustee lif Tru•tse name Offi¢• lif any) Oat•• •et•d11 not lor whole year Neil Pitts Chainnan Karen Thome Treasurer Kelly Coles Funds held as custodian trustees on behalf of others There are no funds held as ¢u3todian trustees on behalf of others. Addltlonal Inforniatlon loptlonal) Names and addres8è8 of advisers (Optional infomiation) Type of Name Address advlser Independent examlners Vineyard Accountants Ltd 5 The Chambers. Vineyard. Abingdon-on-Thames, Oxon Declarations The trustees declare that they have appmved the trustees. report above. Signed on behalf of tho charity's trustees Signature(s) Full name(sl Posltlon (eg Secretary. Chair. etc) NEIL PITTS CHAIR Date 29-Jan-25 PEACHCROFT pRE￿CHOOL INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 JULY 2024 Report to the tru5teesl members of PEACHCROFT PRE-SCHOOL On accounls for the period ended 31 JULY 2024 Charity no (If any) 1163995 Set out on pages 8and9 I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 31 July 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounls in ac¢ordan¢e with the requirements of the Charities Act 2011 ("the Act"). I report in r8SPeCt of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Act. I have completed my examination. l Confimi that no material matters have come to my attention in connection with th6 examination which gives me cause to believe that in, any material respect.. Independent examSnerfs statement accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no cOn￿r￿S and have come across no other matters in connection with Ihe examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 6-Feb-25 Namo: Ashley PO￿on Relevant professional qualification(sl or body (If any): FCCA Address: Vineyard Accountants Ltd. 5 The Chambers, Vineyard Abingdon-on-Thames OX14 3PX PEACHCROFT PRE-SCHOOL RECEIPTS AND PAYMENTS ACCOUNTS PERIOD ENDED 31 JULY 2024 Section A Receipts and payments Vnrestrkted funds Restrictad funds Endowment fund$ Total funds Last perlod WJ th• bi th• nMr••tE tu tothe nMr••t ¢ A1 R•c•i Funding 8￿j grant5 Fees Iincludiw L8ia pa￿n￿nts> Lund) club and fees 116.632 110,632 80,386 47.463 47.463 40,463 824 465 Fundraisino PlhJlo¥ & Uniform? 1,990 1.190 2.06S 288 258 69 Chrigtma81 H*llown party School lrfp Bank inler•Bt 396 340 819 849 885 2.254 l264 761 •r- donat￿)n* Gfanis and Inc•niive ￿Y￿nts S.313 0.313 176.093 Sub total 176.093 125,269 A2 M••t and Inv•8tm•nt •al••. •t¢. Tolalrncdpts 176,093 176,093 125,269 A3 Paymènts W8ge$ p4K1 114MJ8 114831 90,222 ,439 T*x, Nl and pwMnt• Rent 5,415 $.468 11.74J 11.743 7,776 Improv•mwt81 malntenanee ta buldinq relephone Plofw$￿n￿h f868 gnd Inauianeè 417 417 198 B90 3,979 J.979 3,647 Flatsfialll includir4 le￿1r¥ roys and equipment General administr4L 642 642 399 6,634 6,631 2.374 1,676 1374 1,803 Fundral8ing Phoias and Unrforrr 468 403 203 203 Ilk fru 106 106 183 Consumobkn$ 47 847 880 scho￿ knp. pthrtitij •ThJ inlernal *i•torn 110B 2.168 1,017 Training FOC￿ VOLK*er5 fuvuwrabl• &)ikJren 987 Im5 600 Petly c8$h and 8undry expenditu1• 230 230 Sub total 153.054 16J,054 119,098 A4 Asset •nd Inv•stmèrrt purchases, etc. Totalpayments 153,054 153.054 119,098 Net ofrecelpts/(paym•nts) A5 Transfers between fvnds 23.039 23,039 6,171 A6 Cash funds last year end Cash funds thls year end 142M06 142,806 136,635 165,B45 165,845 142,806 PEACHCROFT PRE￿cHOoL RECEIPTS AND PAYMENTS ACCOUNTS PERIOD ENDED 31 JULY 2024 Section B Statement of assets and liabilities at the end of the period Unrestricted funds tylbb4r•*¢£ Restrlcted funds tonoartst£ Endowment fund5 to n•aml £ Ivrses eT¢ i< 81 Cash fund¥ ank awjunts 165.845 Totsl ¢*$h fun 16S.848 •xwsii UnrwJtrlc¢ed fvnds ty) rnir•¥lt Restrfcted fvnds Endowm•nt funds to n•ar••t£ Details Futhdto *thkh ¢yry•ntv4lu• Det311s B3 Investment a$$¢ts F￿nal0t￿￿￿h euvr•ni v&ly• Det¥ll8 ¢￿tI￿p￿￿*11 84 Asg•ts r•taln•d for th• ¢harlty'* own u8• AAMulbtdu• Wh•n du• 85 Llabllltl•s Independent eXaMinatic￿ CTeix) l•e 912 NEST p•wn Lwjitor 283 HMRC Credrtor IwJ•yp•y*vuW lkncHMRClperthonl 9.033 SvJrnd by on• orttw on b•WI all th• Iru*t••i Swnalure Pylnt Name Dat• of roval NEIL PITTS 29-Ja￿25