REGIThRED CHARrrYNUM8ER: 1164820 Re ort of theTrustee5 ar Unaudited financial Statements 5oL%a.te Pr+Sc.hpol Charitable Inco rdted Or ni5ation Xnights Lowe Chartered Accountants Eldo House Kempwn Way Suffolk Business Park 8urySt Edrllunds Suffolk IP32 7AR South te Prtrsthool Charitsble Inco n￿￿10￿ Contents of the Financial Statemertts forthe Year Ended 31 Au st 2024 Report of thÈTruste8s IrthpendentExaminer's Rewt ststemertoffinan¢ial AdNitle5 BalanteShe¢t Noteststhe Financial Statements 7 to 11 tktsiledstatementof Financial AcNvttles 12 to 13 ri￿b￿l￿¥ nisatlon 31 The truttees present their reportwith the financla15tatementsof thechartyfor the yearended 31 Aug{j￿ 2024. The trustees have adopted the prowsions of Accounting and Reporting by f)arities'. Statement of Recommended Practice applicable to tharr£ies preparing their accounts in accord3nce ￿th the Finantial Reporting Stsndard 3ppIl￿ble in the UK and Republic of Ireland IFRS 1021 leffettnie l January 20191. OAJEcnvESANDAcllviTIES Objectivesand aims The charity'5 pn￿Cipal aim5 are to enhan￿ the educavon and development of children under statutory schoDI age by encouraging parents to underttand and provide for the neÈd5 of their thildren by offering appropri8tÈ play, edutstion 2nd carefioli£ies. Public benefft The Trustee5 consK*er that they have complied with the re8ardln8 Publlc Benefft a5 detaifed in 5ertion 4 of the tharitie5 Art, having due regard to guidance publlshed by the Charity Com[ri￿ron. In fulfilling our tharitable objert, pur5uin8the activities described in more detail in this repor¢ we provide public bpnefrt. We deliver our objects by entouraging parents to understsnd and prowde ftsr the needs of their children by offering 3ppropriatÈ play. educaticn and Care faciltbes. The right of parents to take responsibilty for and become involved in these artivities are acknowledged and encouraged and the group g)ffers these oppOrtun￿e5 to èll children in the local area whatevertheir rare. cukure. relSgion, me8ns or ability. ACHIEVEMEIIT AND PERFORMANCE Charttable athities Charitsble actyv6ties The Charitable Incorporated Or8anisation was set up to take forward the work of a Prtrschool that operèted as an unincorporated charity IRegistered wr(h the Charity Commission 10331441 whith is well established in Its purpose-built premises. It provides 10 half dayse59ons and a lunch dub on weekd3ys. A BreakFa5tand Afterschool dub was trialled ov@r the last year. This had minirnal attend3nts and afterconsuWion with parents ft was agreed to stop thlswrdp-an)und provision after Christmas 2024 as ttwas nDt pmwngto befinandaltyviable. The Comrnittee and senior staff continue to review and update politiÈ5, liaising with Suffolk County Countil ISCC) o range of issues indudin8 matters raised in ￿$t Of5ted report%. The Pr￿sChool is workinE hard following rfs Ofsted inspecbon in November 2022 when it was 8raded as"requires improvemenf. &nce this, additional health and ￿fety me85ure5 have been put in plao to safeguard thildren. Furthermore, staff are offered more trainlng 2nd regular support from the Suffolk County Countil Earty Yearfs advisor to irnprove the setting to the benefrt of the children attending. There is an aawe action plan in place and the Chalr and Preschool leaderrneet re8ul8rtodevelopthe settingand observe howthe Pre-5th001 oper8te5. Page i e Pre-sch I tedo nisation Charitable Incor ort of th 20 FINANCIAL REVIEW Finondal positK•n Flnancial posrtion Ihe charity receives m05t of its funding frcrn Eady Years grant fvndin8 ènd 5esslon fees. however to tover any temporary shortfall in cash flow that May octsjr due to tirning of receipts. è moderatÈ balance ts retèined on bank dep￿t. The charity has a deMgn3ted at¢ount for redundancy reserves whKh is topped up each year dependent on staff yearf5 of service. This i4 a Se￿rate accountto coverthe costs of stsff redundancy shi>uld these arise. The Ch8riWs constr particular headings they have been alk)cated to artwities on a con515tent with the use of resources. Tanglble fixed assets Oepretiatyon is provided atthe following annual rate5 in order to wrtte off ead) asset over it5 estlmated usefvl Stocks Stotk5 are valued at the lower of c05t and net reallsable value, after maknnÉ due allowantr for obsolete and slow moving Iterns. Taxation The charity 15 exemptfrorn taxon tts charitsble activitse5. Fund attountlng Unrestricted fvnds can be used in a¢cordance with the chhritable objecbves at the d￿Cretion ofthe trustees. Restricted funds can only be used for particular re5trStt￿ purposes withln the objett5 of the tharity. Re5trirtions arise when speofied bythedonororwhen fundsare raised forparbojlarrettriaed purposes. Further expl?nation of the nature and purpxe of each fund 15 intluded in thÈ notes ttk the fir13ncial statements. Pension ¢05ts and otherpost4etirement be￿fits The charity operates a defined contribution pension srherne. Contribution5 payable to the ¢h3ritys per}S￿n sd)errTre arechèrged tothe Statementof Finanti31 Attwities inthe pÈri(Kl towhichthey relate. Page 7 ontinuetL.. SchoDI niskno Charitable In otes to Ih an£5al Stat the Year errtS- Colltin OThER TrADING ACTNMES 2024 2023 Fundraisingevents 2,905 INVESTMENTINCQME 2024 2023 Deposit account interert 119 25 TRUSTEES. REMUNERAMONAND 8ENEFITS There were no trustees. remuneration or other beneftts for the year end￿ 31 August 2024 nor fDr the year ended 31 Au8U5t 2023_ There were no trustee5' expenses paid for the year ended 31 August 2024 n¢Y for the year ended 31 August 2023. STAFFC05rs The average monthbl numberof employee5duringtheyearwas a5 follows.. 2024 li Teaching/Administration 2023 No employees recewed e¥noluments In excess of £60.00D. GUARANTEE5 AND SECURED DEB75 The trustees tonfim, in accordan￿ wtth the Charitable Intorporated Organisations (Geneoll ReEulation5 2012, that at year end the CIO did not have any OUtstsndin8 guarantees to third pèrtie5 nor any dÈbts secure on assetsof the CIO. Pa8e 8 contlnuèd... tePtE- rated Charitsble Incor isati Note5tothe Financia[Statements￿Ontl lorth nded TANGIBLE FIXED ASWS lrnprovements F￿tureS and rittings Computer equipment property Totals cosr At I September2023 Re¢la55ificatlDn 4248 IW2 1,802 At 31Augu5t 2024 3,050 11146 4101 DEPRECIATION At I September2023 Charge forye8r Reclasslficationltransfer 18671 763 L472 362 37D 15001 1,133 1.472 At 31 Augusr2024 732 2.105 BOOK VALUE At 31 Au8USt2024 1.682 314 L996 At 31August2023 2.115 2,799 STOCKS 2024 2023 Stocks 352 376 DEBTOR5: Amoupifs FAUING DUEWITHIN ONE YEAR 2024 2023 Prepayments 1,984 Page 9 continued... So (harrtab￿l nisatron esto r￿the Frnanciaj Statern they CREDm)RS:AMOUNTS FALUNG DUE WtrHIN OPIEYEAR 2023 Tr?decr￿rtors TaxÈtion and Social security Othercreditors 905 1,174 3,178 3.814 6,182 4,988 IL MOVEMENTIN FUNDS Net movement in fijnds At 31.8.24 At 1.9.23 Unrestrtrted furK15 General fund 20.168 44.073 TOTAL FUNDS 44,073 Net movement in funds. included intheabove are asfollows= Incoming r¥ources Resources expended Movement In furlds unrestric￿ funds Generalfund 219237 119&9691 20268 TOTAL FUNDS 219237 1198.9691 20268 coMparat￿￿fOr movement infunds Net mDvement in fund5 At 1.9.22 31.8.23 Uttrestrlcledfunds General fund 23.805 23.805 TOTAL IUNDS 23,805 23.805 Page 10 continued... ePf*School ￿￿0￿ Charitsb Notesio the ￿naNcial Statements- ii. MOVEMENTIN FUND5- contlnued Comparatlve net rnovÈment infunds, included in the aboveare as follows= Incomin8 resources Resources expended Movement infunds Unrestrfcted fund$ General fund 199,563 1175,7581 23,805 TOTAL FUNDS 199.563 1175,7581 23.805 A currentyear 12 months and priorye3r 12 monthscombined posrtk)n is as follows- Net movement in funds At 31.8.24 At 1.9.22 Unre5tricteil funds General fvn 44P73 44,073 TOTAL FUND5 44,073 44.073 A Lurrent year 12 mont￿£ 8nd prior year 12 rnonths combined net movement in fund8 included in the above a￿ as follows.. Ints)rning resources Resources evpended Movement In fund5 Unrestricted funds General fund 418,￿) 1374.7271 44,073 TOTAL FUND5 418,800 1374,7271 44,073 RELATEO PARTY DISCLOSURES On the first day of the previou5 financial yeaf the d￿nI kX)sition of "Southgate Pr￿chOOl. (the unincorpoTated charity. regirtered charity nurnber 10331441 wès transferred over to this entity. This resulted in £13,183 of net assets being tr8nsferred over. a5 a donatron from the old tharity to the CIO. The unincorporated entity remains dormant and now that the lease has been formally trènsferrÈd over las of to 26109120241 the CIO. it will be ckosed duringthe per1￿ ending31August2025. Page 11 pr￿￿h0o1 nisation Charitsble IrKor Deiailed Statement of Fin3nciaJl _tyvi 31 2024 2024 2023 COME AND ENDOWMENTS Othertrading activities Fundraising events 2.905 Investment income Deposit account interesi 119 25 Charfiable athitse5 Pre-school fÈÈ5 Sales of clothing Funding & grants Donation from unincorporated thartty 25￿5> 290 192A31 33,860 104 149.486 13,183 218274 196.633 Total intaminz resources 219237 199.563 EXPENDMJRE Othertsading actlvldes Opening stock Purch8se of uniform5 a05in8 Stod 376 267 13521 13761 291 510 Charitable ac￿eS Wages So￿al security Pension5 Te3ching & play equiprr*rt Children's entertaining Groceries & catering Stsff training and coursÈs 146.849 3.784 3394 9333 125,310 1,701 3,255 7.180 IAn 1266 L863 167.333 140.575 Support torts Management Rates & service charges Insurance Light and heat Telephone P05t3ge printing & ststlor*dry Carried forwaid 7.960 491 3,442 IR69 2,373 16.135 956 3.635 1,244 16.045 ThTs pa8ed¢es notform partof the stltutoryfinanclal sratements Pa8e 12 Sout Charikble Incor te Pre- hool nisati efftentMFinan Ék¥Jed al Activi 2024 2023 Managern￿t 8roughtforward Computer expenses Sundries Repairsand maintenan Stsff WÈ￿8reand uniforms Agency work aeaningtontratt and costs 16.045 520 16,135 947 2,945 1,428 200 190 302 4.633 6,823 24.740 28,478 other Improvements to propertv Fixtures and fittings ComputerequipmÈnt 763 370 362 972 Governano costs Accountancy fees Legal and professional fees Jbscriptlon5 & lionses 70 1,260 3,120 781 1,322 5A72 5,223 Total resour￿5 expended 8S69 175,758 Netincome 20,268 23,805 This pa8e does notforrn parr ofthe Maturory flnantial State￿nts Page 13