**From** **To** ## **Trustees' Annual Report for the period** Period start date 1st September 2023 Period end date 31[st] August 2024 ## Section A Reference and administration details ## **Charity name** Padnell Pre-School **Other names charity is known by Registered charity number (if any)** 1167296 |**Charity's principal address**|
Padnell Avenue|
Padnell Avenue| |---|---|---| ||Cowplain|| ||Waterlooville|| ||**Postcode**|**PO8 8DS**| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Hannah Shepherd|Chair||| ||AmyMitchell|Secretary||| ||MandyGrayson|Trustee||| ||Diane Kingsbury|Treasurer||| ||Lana Attwood|Trustee||| ||Ellie Waller|Trustee||| ||AndyBarker|Trustee||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** Dec 2022 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Articles of Association - (eg. trust deed, constitution) Company Limited by Guarantee How the charity is constituted - (eg. trust, association, company) Trustee selection methods Elected by members - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. The Pre-School is a charitable company limited by guarantee incorporated in March 2011 and registered as a charity June 2011. The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Some trustee/ directors receive remuneration for work carried out other than their duties as trustees, in accordance with the articles of association. These services are subject to a written agreement between the individual and the Pre-School, the level of remuneration for these services does not exceed the amount which would customarily be paid for these services and not more than a minority of trustee/directors may be at any time subject to such arrangements. Trustees are elected annually at the Annual General Meeting. Most trustees are already familiar with the practical work of the charity. Trustees are given job descriptions for their role as trustee and complete Safeguarding and Role of Trustee in delivering the EYFS training certificates.. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the pre-school and to enable them to ensure that the financial statements comply with the Companies Act 1985. Budgets are completed annually and updated monthly to take into account all factors affecting income and expenditure. **TAR** Dec 2022 2 ## **Section C Objectives and activities** The aims of the pre-school are to enhance the development and **Summary of the objects of the** education of children primarily under statutory school age two to rising five **charity set out in its governing** by encouraging parents to understand and provide for the needs of their **document** children through community groups. We offer appropriate play, education and care facilities and family learning, together with the right of parents to take responsibility for and to **Summary of the main activities undertaken for the** become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, **public benefit in relation to** religion, means or ability. **these objects (include within this section the statutory declaration that trustees have** We encourage the study of the needs of such children and their families and promote public interest in and recognition of such needs in the local **had regard to the guidance** areas. We instigate and adhere to the aims and objects of the Early Years **issued by the Charity** Alliance. **Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** We have active parent partnerships, involving families of the pre-school to help organise events throughout the year. The refurbishment of childrens toilets – Free labour from Mitie Limited You **may choose** to include was greatly appreciated, enabling us to complete this task within budget further statements, where and timescales. relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. Two new lap tops purchased to replace broken and outdated lap tops. The garden repair and refurbishment – Repair of rotten wood and install new concrete posts to the large childrens playground equipment. New role play boat and slide for the increase in two year old children intake. Purchase of a second hand interactive whiteboard and associated software to help children learn phonics ready for progression onto their next infant school. This was fundraised by a member of staff running a half marathon via donation and Go Fund Me contributions. ## Section D Achievements and performance **Summary of the main** The Widgit symbols/signs to support SEN children. **achievements of the charity during the year** Completion by a member of staff for her Early Year Status Training. Member of staff continuing her Forest School Level 2 Training, delivering all aspects of Forest School activities to the children in the wooded area adjacent to the pre-school. **Section E Financial review** A Reserves Policy is in place to allow funds to be available to sustain the **Brief statement of the** pre-school if income falls below expected levels and meet any **charity’s policy on reserves** redundancy obligations or unexpected building maintenance costs. **TAR** Dec 2022 3 **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; Disability Access Funding has been used to buy a new role play kitchen and resources. Early Years Pupil premium funding received was used to buy resources for the selected children to support their learning and development needs. - Thanks to donations from parents/children, a Christmas hamper was delivered to our local age concern centre, and greatly appreciated. - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** After discussion at trustee meeting, it was agreed to look at incentive scheme ideas. Agreed was a bonus in the August wages, which was implemented. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** Sign **Signature(s)** A Mitchell **Full name(s)** Amy Mitchell **Position (eg Secretary, Chair,** Secretary **etc) Date** 16/01/2025 **TAR** Dec 2022 4 2024 Registered Company No. 07556426 Registered Charity No. 1167296 Padnell Pre-school ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year Onded 31 August 2024 Padnell Pre4chool CONTENTS OF THE TRUSTEES REPORT AND ACCOUNTS for the year 8nded 31 August 2024 Page(s) Legal & adminlstrative detsils Report of the Trustees (induding Directors, rep￿t) 2to3 Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the FlnancSal Statements 7t013 Padnell Pre4chool LEGAL & ADMINISTRATIVE DEfAILS for the year ended 31 August 2024 Trustees Hannah Shepherd (Chair) Amy Mitchell (Secretary) Mandy Gra￿on Diane Kingsbury (freasurer) Ellie Waller Andy Barker Charty number 1167296 Company number 07556426 Registere(1 office Padneu Avenue Waterlooville P08 8DS Bankers National Westminster Bank Independent examiner Rachel Kavanagh FCA Va Zip AGcountlng 5 Oak Tree Drive Hampshire GU33 7HW Padnell Prtrschool REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) for the year ended 31 August 2024 The trustees present their annual repLYi and fir￿ncial statements for the year ended 31 August 2024. Th8 financlal statements have b8en prepared in ac(x)rdance the accounting ￿le18S s8t out in Not8 1 to the financial ststements arKJ comply with the charitys goveming documenL Govaman¢o The Pre-school is a charitable company limited by guarantee incorporated in March 2011 and registered as a charity in June 2011. The company was established under a meMorar￿uM of association, which established the objects and powers of the charitable company and is govemed under ts articles of association. In the 8V8nt of the company boing wound up membars are required to contribute an amount not exceeding £1. Some trustses I directors recefve remuneralion for work carrled out other than thelr dutles as trustees, In accordance with th8 articles of associats'on. Tha88 S8rvtc8s are subj8Ct to a wrltt8n agr8em8nt between the individual and the Pre•School, the level of rernuneration for these services does not exceed th6 amount which would customarily be paid for these Services. and not more than a minority of tfusteesldirectors may be at any tlme subiect to such arranaements. Trustees are elected annually at the Annual General Meetif¥J. The trustees, who are also the dlrectors for the purpose of company law, who serv8d durtrKJ the year and up to th8 date of slgnature of the flnancial statements were: Hannah Shepherd (Chair) y Mitchell (Secretary) Mandy Grayson Diene Kingsbury (freasurer) Lana AtWd Ellie Wa116r Andy Barker Most trustees are already familiar with the practlcal work of the charfty. Trustees are given job descriptions for their role as trustèe and complete Safeguarding and Role of Trustee in delivering the EYFS training certiflcates. The trustees are responsible for maintsinlng proper accountirvJ records which disclos8 reasonabla accuracy at any time the financial position of the Pre-Schry)l and to enable them to ensure that the financial statements comply wrth the Companies Act 2006. Budgets are completed annually and updated monthly to take into account all factors 8ffectina income and 8XD&nditur8. Objectives and prlnclpal actlvltle8 The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age two to rising five by encouraging parents lo understand and provide for the needs of Ihoir children through community groups. We offer approprlato ployj eduGation ond care faGilitiea ar￿ family leamingi togethef With the ri9ht of parenta to take responsibility for and to become involved in the acbvitses of such gr(xJps. ensuring that such groups offer ODOOrtunities for all children whatever their race. uJltur8. reliaion. means or abilitv. We encourage the study of the needs of such children and their families and promote public interest in and recognition of such needs in the local areas. We instigate and adhere to the aims and objects of the Early Years Alliance. We have active parent partnerships. involviNJ families of the Pr&SchooJ to help organise events throughout tha year. Padnell Pre4chool REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) (CONTD) for the year ended 31 August 2024 Athievements and perfornmnce The refurt)ishment of children's toilets - Free lab￿r from Miiie Limited was greatly appreciated, enabling us to cornplet8 this task withSn budget and Ilmescales. Two new laptops were purchased to replace broken and outdated laptops. The garden repair and refurbishment - Repair of rotten VKth and instsllation of new concrete posts to the large children's plaJvJround ￿U1pMenL New role play boat and slide for the increase in two sear old children intake. Purchas8 of a socc￿d hand interactive whiteboard and associated software to help children 18am phonics, ready for progression onto ttreir next infant school. This was furKlraised by a Member of staff running a ha marathon vta donation and Go Fund Me contributions. Th8 Wldgit symbolslslgns to support SEN children. Compiation by a member of staff for Earfy Yaar Status Tr81ning. Member of stsff continuing her Forest School Level 2 Trdintng, delivering all aspects of Forest School activities to the children in the ￿ed area allacent to the Pr&&hool. Public benefit The trustees have had regard to the guidance on public benefft issued by the Charlty Commlsslon. Flnanclal rnvlew A Reserves Policy Ss In place to allow funds to ￿ available to sustaln the Preknschool rf Income falls below expected levels and meet any redundancy obllgations or unexpected building maintenance costs. Disabilty Acce88 Funding has been used to buy a new role play kltch8n and resources. EaAy Years Pupil premium funding received was used to buy resources for tha $818Ct8d children to support thelr learning and development needs. Thanks to donations from parentslchildren. a Christhias hamper was delivered to our local age conc8rn centre. and areatlv aDDreciated. Other infomiation After discussion at trustee meeting, it was agreed to look at incentive scheme ideas. Agreed was a bonus in the August wages. which was implemented. Small company provisions The company has taken advantage of Ihe small companies. exemptlon In preparing thls report. Tha tru8t8a8' report {includin9 direct*)rs' report) Abo￿ was approv•d by th• Board of Trustoeg. Amy Mitchell (Se¢￿tary} Date: Ils INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEESIDIRECTORS OF Padnell Pre-school for the year ended 31 August 2024 I report to the charity trustees on my examination of Ihe acwunts of Padnell Pr&Schod (Ih8 charity) for the year ended 31 August 2024 on pages 5 to 13 fdlowlng. Rèspon$ibilltles and bas1$ of rgport As the charitys trustees (who are also the directors of the company for purposes of company law). you are responsible for the preparati(￿ of the accounts in accordance with the requirements of thè Companies Aci 20[￿ (Ihe 2006 Acr). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent 8xamination. I report in resp8ct of my examination of your charitys accounts a5 carried out under section 145 of the Charities Act 2011 ("the 2011 Acf). In carrying out my examination. I have followed th8 Directions giv8n by the Charity Commission (und8r section 145{5)(b) of th8 2011 ACL Indepondent examlnefs statement I have completed my examination. I c(KJfimi that no materlal matters have Come to my attentlon which gives me cause to believe that: accounting records were not k8Pt in accordance wilh section 386 of the Companies Act 2006: or . the accounts do not compty with rel8vant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a Irue and fair. view which is not a rnatter considered as part of an Independent examin8ts'on'. or . the accounts have not been prepared In accordance th the Charities SORP (FRS102). I have no concems and have come across no other matters in connection with the examinatlon to which attention should be drawn in this report in order to enable a proper understanding of the aGcounts to be reached. Rachel Kavanagh FCA Chartered Accountant (ICAEW) Ua Zip Accounting 5 Oak Tree Drive Liss H8mpshir8 GU33 7HW Date.. Padnell Pre&hool STATEMENT OF FINANCIAL ACTivrriES for the year ended 31 August 2024 Unrestrfcted R•strlctèd funds fvnds 2024 2024 Total funds 2024 Total funds 2023 Notes Incomo: Donatlons and legacies Income from charitable activities Investrnent income 189,214 16.846 255 2,454 191,668 16,846 255 139,668 19.118 147 Gross income 206.315 2,454 208.769 158,934 Expondlture: Pre-school running costs Sales & training Fundraising Prernises costs Admlnistratlon 147.204 2,123 140 19.768 13.785 2.517 149.721 2.123 140 19,768 13,785 121,394 2,438 290 18,258 12,740 Total exp8nditur8 183.020 2.517 185,537 155,120 Net incoma before tax 23,295 (63) 23,232 3,814 Tax P8yable Net Income 23,295 (63) 23,232 3,814 Transfers between funds 17 {159) 159 Roconclllatlon of fund8: Total funds brought forward 17 55.904 S5,￿4 52.090 Total funds carried forward 79,040 96 79.136 55,904 The notes on pages 7 to 13 lo￿n part of these financial statements Company number. 07556426 Padnell Pre4chool BALANCE SHEEr as at 31 August 2024 Notes 2024 2023 Noning with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have tjeen prepared in accordance with the provisions applicable to small companies subject to the small companies regirne and in accordance with FRS102 SORP. The financial statements were approved by the Board ￿ Trustees on ..... . andw e signed on its behalf by. Dlane Klngsbury Director The notes on pages 7 to 13 fom part of these financial statements Padnell Pre-school NOTES TO THE FINANCIAL STATEMEKrs for the year ended 31 August 2024 ACCOUNTING POLICIES Charlty Informallon Padnell Pre-school is a charitable company limiied by guarantee incorporated in England and Wa18s. The registered office is Padnell Avenue, Cowplain. WaterloDvdle, P08 8DS. a) Basls of proparatlon These accounts have been prepared undef the historical cost conventlon. and in accordance with the Financial Reporting Standard applicatrAe in the United Kingdom and Republic of Ireland {FRS 102), the Statement of Recommended Practice: Accounting and ReportirvJ by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tha UK and Republic of Ir8land (FRS 102) (effective 1 January 2019), the Charities Act 2011. and wilh the Cornpanies Act 2006. The charlty constitutes a public benefft entty as defined by FRS 102. The charity has taken advantsge of the provisi￿$ In tho SORP for ¢haiities not to wepare a Ststement of Cash Flows. The flnanclal stat8ments are prepared in 8tefling. whlth Is the funclional currency of the charlty. Monetary amounts in these financial statemants are rounded to tha nearest £. The principal accountlng policies adopted are Set out below. b) Golng concern At the time of approving the financial statements. the trustees have 8 reasonable eX[￿¢tatiOn that the charlty has adequate resources to continue its operations for the foraseeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the financial staternents. c) Recognltlon of Income Income Is included in the Statement of Financlal Actsvlties (SOFA) *then: . the charity b8comes 6ntitled to the resources. ' it is more likely than not that the trustees will receive the resources; . the monetsry value can be measured with sufficient reliabilty. d) Offsotting There has been no offsetting of assets and Ilabilltles or income and expenditure unl&8s required or permitted by FRS 102. •) Grants and donatlon8 Grants and donations are only induded in the SOFA when the gener81 income rewnition ￿lteria arè met. fj Government grants The charity has received government grants In the rep￿ing per￿￿. Padnell Pre￿chool NOTES TO THE FINANCIAL STATEMENTS {CONfD) for the year ended 31 August 2024 ACCOUNTING POUCIES {coKfD) g) Income from Interest This is included In the accounts wfien receipt is probable and the amount r8C8ivabl8 can be measured reliably. h) Llablllty recognltlon Liabilities are recognised wh8r8 it is more likety than not that thera is al￿81 or constructive obligation committing the charity to pay out resources and the amount of th8 oblwJation can be measured with reasonable certalnty. l) Credllors The charity has creditor8 which are measured at settlem6nt amounts less any trade dlscounts. l) Tanglble assets and d•pr•clatlon These are capitalised rf they can be used for more than one and cost more than £500. They are valued at cost Depreclatlon is provlded on all tangible fixed assets at rates calculated to ￿lte off the cosl on a stralght Ilne basis over their expected useful economic Ilves as folk)ws: Fixtures & Fittiros Computer Equipmenl 10 straight line 4 Jears straight line k) Stocks Stocks ar8 measured at the Iw of cost and estimated selling price less costs to complete and sell. Cost Includes all costs of purchase, costs of conversion and other costs incurred in brlnglng the stocks to thelr present location and condrtion. l) Debtors Debtors are measured on initial recognition at setuement amount or arn￿fit advanced by the charity. Subsequently they are measured at the cash or other consideration expected to be received. m) Descrlptlon of funds The unrestrict8d fund is the accumulated funds from charitable activities. unrestricted grants and donations. and income from investrnents. Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objecb"ves. Restricted funds are subject to specific conditions by donors or grantors as to how they may b8 US8d. The purposes and uses of the ￿Stricted funds are set out in Nots 17 to the financial statements. Padnell Pre4chool NOTES TO THE FINANCIAL STATEMENTS (CONTD) for the year ended 31 August 2024 Donatlons and ￿9acleS 2024 2023 Grants for operating actNiti8s Other donations 183,789 7,879 191.668 139.668 139,668 Income from charltable actlvftles 2024 2023 Fees from operats'ng actFViti8S Fundraising and adivrties Uniform sales 15.479 1,039 328 16,846 17,991 722 406 19.118 Investment Income 2024 2023 Interest recelved 255 255 147 147 Analy&s of Expendltur6 Pre4chool runnlng costs 2024 2023 Staff costs Pensions Employerfs Nl Consumables and snacks Food vouchers Equipment 8xp8nsed 134,045 3,883 2,982 8,029 110.121 2,926 1,891 195 5,264 121,394 782 149.721 Sales & tralnlng 2024 2023 Uniform purchases induding staff. adjusted for stock Staff training and DBS 1.539 2.123 1,456 2,438 Padnell Pre4Ghool NOTES TO THE FINANCIAL STATEMENTS (CONfD) for the year ended 31 August 2024 Fundralslng 2024 2023 Fundralsing costs Event costs 220 70 290 140 140 Premisas costs 2024 2023 Rent and rates Servlce charges Light and heat Repalr5 and maintenance Cleaning Garden malntenance 10.553 1,493 2,411 2,637 2,450 224 19.768 10,965 1.571 2,190 357 3,103 73 18,258 Admlni4tratlve oxpen808 2023 Administrative staff costs Telephone and Intemet Postage and ststs'onery Subscriptions Insurance Computer expenses Bank charges Depreciation Bad debts Sundry expenses Independent examinerfs fee 6,144 1,025 297 741 1,971 539 222 2.063 5.566 879 1.218 409 1.698 682 116 1.403 82 37 650 12,740 133 650 13,785 10 Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS (CONfD) for the year ended 31 August 2024 10. Staff costs 2024 2023 Salaries and wages Social security costs Pension costs (d8fined contribution scheme) Other employee benefits Total staff costs 142.554 2.982 3.883 118,789 997 2,926 149.419 122.712 No employees received employeo beneffts (axduding emplosffjr p8nsion costs) for the reporting period of more than £60.000. Totsl remunerab'on of £45.537 (2023: £42,982) was paid to key management personnel for their servI￿S to the charity. Key management personnel Includes trustees and senior management. For specific amounts paid to trustees, refer to Note 16. 11. Av•rag• head count Durlng the year the average number of employees was as follows: 2024 2023 Charitable activitie8 Governance Other 10 12. Tanglble flxed ass•ts Flxtures & Flttlngs Computer Equlpmgnt Total Cost At 1 S8Pt8mber 2023 Additions Dlsposals At 31 August 2024 14.029 7.175 14.029 8,441 21.204 1.266 22,470 Depreclation At 1 Septèmber 2023 Charg6 for the year On dlsposals At 31 August 2024 12.626 1,852 12,626 2,063 211 14,478 211 14,689 Net book value At 31 August 2024 At 31 August 2023 6,726 1.403 1,055 7,781 1,403 11 Padnell Pre4chool NOTES TO THE FINANCIAL STATEMENTS (CONTD) for the year ended 31 August 2024 13. Stocks 2024 2023 Charitable activities.. Opening Added in period Expensed in period Impaired Closing 605 521 982 (899) {130) 1.059 605 All stock held is for resal6. 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 1,151 2.188 2.448 2.448 3,339 Amounts due after more than one ￿ included above 15. Creditors 2024 2023 Trade creditors Other taxes and social security costs Accruals and deferred incom8 Other credltors 2.879 708 675 921 1.842 838 3,601 4,262 12 Padnell Pre4chool NOTES TO THE FINANCIAL STATEMEKfs (CONTD) for the year ended 31 August 2024 16. Trustees and rnlatod partlos During the year D Kingsbury received remuneration of £6,144 (2023: £5,566) as an employee of the charity, not for serving as a trustee. such pasrynents are perniitted by the charitys gov8ming docum8nt. No trustees have incurred expenses for fu￿lfIng their duties that have been reimbursed by the charity. 17. Movemeirt In funds At31 Incomlng August 2023 resour¢•8 Resources 0x￿nded Transfer8 At31 August 2024 UnrestrIct￿ fund• General fund 55,904 206.315 206,315 183.020 183,020 159 159 79,040 79,040 Restrlct•d funds ' Early Years Pupil Premlum Disability Access Funding 634 1,820 2.454 {538) 1.979 2.517 96 159 159 96 Total fund8 55,904 208,769 185,53 79,136 At31 In¢ornlng R080urces Transfers August 2022 resourc88 •xponded At31 August 2023 Unrostrlcted fund• General fund 52,032 52,032 158,934 158.934 155.062 155.062 55,904 55,904 ReBtrlctod funds (58) Total funds 52,090 158,934 155,120 55,904 1. Early Years Pupil Premium (EYPP) funding pyovides the charity wtth extra fvndlng to support children In a¢hleving the best early years outcomes. Disability Access Funding (DAF) is money that childcare providers can use to support children with disabiliknes or special educational needs. The$6 fvnds are ringfenced for spending in accordance y￿th theso purposes. 13 2024 Registered Company No. 07556426 Registered Charity No. 1167296 Padnell Pre-school ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for the year Onded 31 August 2024 Padnell Pre4chool CONTENTS OF THE TRUSTEES REPORT AND ACCOUNTS for the year 8nded 31 August 2024 Page(s) Legal & adminlstrative detsils Report of the Trustees (induding Directors, rep￿t) 2to3 Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the FlnancSal Statements 7t013 Padnell Pre4chool LEGAL & ADMINISTRATIVE DEfAILS for the year ended 31 August 2024 Trustees Hannah Shepherd (Chair) Amy Mitchell (Secretary) Mandy Gra￿on Diane Kingsbury (freasurer) Ellie Waller Andy Barker Charty number 1167296 Company number 07556426 Registere(1 office Padneu Avenue Waterlooville P08 8DS Bankers National Westminster Bank Independent examiner Rachel Kavanagh FCA Va Zip AGcountlng 5 Oak Tree Drive Hampshire GU33 7HW Padnell Prtrschool REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) for the year ended 31 August 2024 The trustees present their annual repLYi and fir￿ncial statements for the year ended 31 August 2024. Th8 financlal statements have b8en prepared in ac(x)rdance the accounting ￿le18S s8t out in Not8 1 to the financial ststements arKJ comply with the charitys goveming documenL Govaman¢o The Pre-school is a charitable company limited by guarantee incorporated in March 2011 and registered as a charity in June 2011. The company was established under a meMorar￿uM of association, which established the objects and powers of the charitable company and is govemed under ts articles of association. In the 8V8nt of the company boing wound up membars are required to contribute an amount not exceeding £1. Some trustses I directors recefve remuneralion for work carrled out other than thelr dutles as trustees, In accordance with th8 articles of associats'on. Tha88 S8rvtc8s are subj8Ct to a wrltt8n agr8em8nt between the individual and the Pre•School, the level of rernuneration for these services does not exceed th6 amount which would customarily be paid for these Services. and not more than a minority of tfusteesldirectors may be at any tlme subiect to such arranaements. Trustees are elected annually at the Annual General Meetif¥J. The trustees, who are also the dlrectors for the purpose of company law, who serv8d durtrKJ the year and up to th8 date of slgnature of the flnancial statements were: Hannah Shepherd (Chair) y Mitchell (Secretary) Mandy Grayson Diene Kingsbury (freasurer) Lana AtWd Ellie Wa116r Andy Barker Most trustees are already familiar with the practlcal work of the charfty. Trustees are given job descriptions for their role as trustèe and complete Safeguarding and Role of Trustee in delivering the EYFS training certiflcates. The trustees are responsible for maintsinlng proper accountirvJ records which disclos8 reasonabla accuracy at any time the financial position of the Pre-Schry)l and to enable them to ensure that the financial statements comply wrth the Companies Act 2006. Budgets are completed annually and updated monthly to take into account all factors 8ffectina income and 8XD&nditur8. Objectives and prlnclpal actlvltle8 The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age two to rising five by encouraging parents lo understand and provide for the needs of Ihoir children through community groups. We offer approprlato ployj eduGation ond care faGilitiea ar￿ family leamingi togethef With the ri9ht of parenta to take responsibility for and to become involved in the acbvitses of such gr(xJps. ensuring that such groups offer ODOOrtunities for all children whatever their race. uJltur8. reliaion. means or abilitv. We encourage the study of the needs of such children and their families and promote public interest in and recognition of such needs in the local areas. We instigate and adhere to the aims and objects of the Early Years Alliance. We have active parent partnerships. involviNJ families of the Pr&SchooJ to help organise events throughout tha year. Padnell Pre4chool REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) (CONTD) for the year ended 31 August 2024 Athievements and perfornmnce The refurt)ishment of children's toilets - Free lab￿r from Miiie Limited was greatly appreciated, enabling us to cornplet8 this task withSn budget and Ilmescales. Two new laptops were purchased to replace broken and outdated laptops. The garden repair and refurbishment - Repair of rotten VKth and instsllation of new concrete posts to the large children's plaJvJround ￿U1pMenL New role play boat and slide for the increase in two sear old children intake. Purchas8 of a socc￿d hand interactive whiteboard and associated software to help children 18am phonics, ready for progression onto ttreir next infant school. This was furKlraised by a Member of staff running a ha marathon vta donation and Go Fund Me contributions. Th8 Wldgit symbolslslgns to support SEN children. Compiation by a member of staff for Earfy Yaar Status Tr81ning. Member of stsff continuing her Forest School Level 2 Trdintng, delivering all aspects of Forest School activities to the children in the ￿ed area allacent to the Pr&&hool. Public benefit The trustees have had regard to the guidance on public benefft issued by the Charlty Commlsslon. Flnanclal rnvlew A Reserves Policy Ss In place to allow funds to ￿ available to sustaln the Preknschool rf Income falls below expected levels and meet any redundancy obllgations or unexpected building maintenance costs. Disabilty Acce88 Funding has been used to buy a new role play kltch8n and resources. EaAy Years Pupil premium funding received was used to buy resources for tha $818Ct8d children to support thelr learning and development needs. Thanks to donations from parentslchildren. a Christhias hamper was delivered to our local age conc8rn centre. and areatlv aDDreciated. Other infomiation After discussion at trustee meeting, it was agreed to look at incentive scheme ideas. Agreed was a bonus in the August wages. which was implemented. Small company provisions The company has taken advantage of Ihe small companies. exemptlon In preparing thls report. Tha tru8t8a8' report {includin9 direct*)rs' report) Abo￿ was approv•d by th• Board of Trustoeg. Amy Mitchell (Se¢￿tary} Date: Ils INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEESIDIRECTORS OF Padnell Pre-school for the year ended 31 August 2024 I report to the charity trustees on my examination of Ihe acwunts of Padnell Pr&Schod (Ih8 charity) for the year ended 31 August 2024 on pages 5 to 13 fdlowlng. Rèspon$ibilltles and bas1$ of rgport As the charitys trustees (who are also the directors of the company for purposes of company law). you are responsible for the preparati(￿ of the accounts in accordance with the requirements of thè Companies Aci 20[￿ (Ihe 2006 Acr). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent 8xamination. I report in resp8ct of my examination of your charitys accounts a5 carried out under section 145 of the Charities Act 2011 ("the 2011 Acf). In carrying out my examination. I have followed th8 Directions giv8n by the Charity Commission (und8r section 145{5)(b) of th8 2011 ACL Indepondent examlnefs statement I have completed my examination. I c(KJfimi that no materlal matters have Come to my attentlon which gives me cause to believe that: accounting records were not k8Pt in accordance wilh section 386 of the Companies Act 2006: or . the accounts do not compty with rel8vant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a Irue and fair. view which is not a rnatter considered as part of an Independent examin8ts'on'. or . the accounts have not been prepared In accordance th the Charities SORP (FRS102). I have no concems and have come across no other matters in connection with the examinatlon to which attention should be drawn in this report in order to enable a proper understanding of the aGcounts to be reached. Rachel Kavanagh FCA Chartered Accountant (ICAEW) Ua Zip Accounting 5 Oak Tree Drive Liss H8mpshir8 GU33 7HW Date.. Padnell Pre&hool STATEMENT OF FINANCIAL ACTivrriES for the year ended 31 August 2024 Unrestrfcted R•strlctèd funds fvnds 2024 2024 Total funds 2024 Total funds 2023 Notes Incomo: Donatlons and legacies Income from charitable activities Investrnent income 189,214 16.846 255 2,454 191,668 16,846 255 139,668 19.118 147 Gross income 206.315 2,454 208.769 158,934 Expondlture: Pre-school running costs Sales & training Fundraising Prernises costs Admlnistratlon 147.204 2,123 140 19.768 13.785 2.517 149.721 2.123 140 19,768 13,785 121,394 2,438 290 18,258 12,740 Total exp8nditur8 183.020 2.517 185,537 155,120 Net incoma before tax 23,295 (63) 23,232 3,814 Tax P8yable Net Income 23,295 (63) 23,232 3,814 Transfers between funds 17 {159) 159 Roconclllatlon of fund8: Total funds brought forward 17 55.904 S5,￿4 52.090 Total funds carried forward 79,040 96 79.136 55,904 The notes on pages 7 to 13 lo￿n part of these financial statements Company number. 07556426 Padnell Pre4chool BALANCE SHEEr as at 31 August 2024 Notes 2024 2023 Noning with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have tjeen prepared in accordance with the provisions applicable to small companies subject to the small companies regirne and in accordance with FRS102 SORP. The financial statements were approved by the Board ￿ Trustees on ..... . andw e signed on its behalf by. Dlane Klngsbury Director The notes on pages 7 to 13 fom part of these financial statements Padnell Pre-school NOTES TO THE FINANCIAL STATEMEKrs for the year ended 31 August 2024 ACCOUNTING POLICIES Charlty Informallon Padnell Pre-school is a charitable company limiied by guarantee incorporated in England and Wa18s. The registered office is Padnell Avenue, Cowplain. WaterloDvdle, P08 8DS. a) Basls of proparatlon These accounts have been prepared undef the historical cost conventlon. and in accordance with the Financial Reporting Standard applicatrAe in the United Kingdom and Republic of Ireland {FRS 102), the Statement of Recommended Practice: Accounting and ReportirvJ by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tha UK and Republic of Ir8land (FRS 102) (effective 1 January 2019), the Charities Act 2011. and wilh the Cornpanies Act 2006. The charlty constitutes a public benefft entty as defined by FRS 102. The charity has taken advantsge of the provisi￿$ In tho SORP for ¢haiities not to wepare a Ststement of Cash Flows. The flnanclal stat8ments are prepared in 8tefling. whlth Is the funclional currency of the charlty. Monetary amounts in these financial statemants are rounded to tha nearest £. The principal accountlng policies adopted are Set out below. b) Golng concern At the time of approving the financial statements. the trustees have 8 reasonable eX[￿¢tatiOn that the charlty has adequate resources to continue its operations for the foraseeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the financial staternents. c) Recognltlon of Income Income Is included in the Statement of Financlal Actsvlties (SOFA) *then: . the charity b8comes 6ntitled to the resources. ' it is more likely than not that the trustees will receive the resources; . the monetsry value can be measured with sufficient reliabilty. d) Offsotting There has been no offsetting of assets and Ilabilltles or income and expenditure unl&8s required or permitted by FRS 102. •) Grants and donatlon8 Grants and donations are only induded in the SOFA when the gener81 income rewnition ￿lteria arè met. fj Government grants The charity has received government grants In the rep￿ing per￿￿. Padnell Pre￿chool NOTES TO THE FINANCIAL STATEMENTS {CONfD) for the year ended 31 August 2024 ACCOUNTING POUCIES {coKfD) g) Income from Interest This is included In the accounts wfien receipt is probable and the amount r8C8ivabl8 can be measured reliably. h) Llablllty recognltlon Liabilities are recognised wh8r8 it is more likety than not that thera is al￿81 or constructive obligation committing the charity to pay out resources and the amount of th8 oblwJation can be measured with reasonable certalnty. l) Credllors The charity has creditor8 which are measured at settlem6nt amounts less any trade dlscounts. l) Tanglble assets and d•pr•clatlon These are capitalised rf they can be used for more than one and cost more than £500. They are valued at cost Depreclatlon is provlded on all tangible fixed assets at rates calculated to ￿lte off the cosl on a stralght Ilne basis over their expected useful economic Ilves as folk)ws: Fixtures & Fittiros Computer Equipmenl 10 straight line 4 Jears straight line k) Stocks Stocks ar8 measured at the Iw of cost and estimated selling price less costs to complete and sell. Cost Includes all costs of purchase, costs of conversion and other costs incurred in brlnglng the stocks to thelr present location and condrtion. l) Debtors Debtors are measured on initial recognition at setuement amount or arn￿fit advanced by the charity. Subsequently they are measured at the cash or other consideration expected to be received. m) Descrlptlon of funds The unrestrict8d fund is the accumulated funds from charitable activities. unrestricted grants and donations. and income from investrnents. Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objecb"ves. Restricted funds are subject to specific conditions by donors or grantors as to how they may b8 US8d. The purposes and uses of the ￿Stricted funds are set out in Nots 17 to the financial statements. Padnell Pre4chool NOTES TO THE FINANCIAL STATEMENTS (CONTD) for the year ended 31 August 2024 Donatlons and ￿9acleS 2024 2023 Grants for operating actNiti8s Other donations 183,789 7,879 191.668 139.668 139,668 Income from charltable actlvftles 2024 2023 Fees from operats'ng actFViti8S Fundraising and adivrties Uniform sales 15.479 1,039 328 16,846 17,991 722 406 19.118 Investment Income 2024 2023 Interest recelved 255 255 147 147 Analy&s of Expendltur6 Pre4chool runnlng costs 2024 2023 Staff costs Pensions Employerfs Nl Consumables and snacks Food vouchers Equipment 8xp8nsed 134,045 3,883 2,982 8,029 110.121 2,926 1,891 195 5,264 121,394 782 149.721 Sales & tralnlng 2024 2023 Uniform purchases induding staff. adjusted for stock Staff training and DBS 1.539 2.123 1,456 2,438 Padnell Pre4Ghool NOTES TO THE FINANCIAL STATEMENTS (CONfD) for the year ended 31 August 2024 Fundralslng 2024 2023 Fundralsing costs Event costs 220 70 290 140 140 Premisas costs 2024 2023 Rent and rates Servlce charges Light and heat Repalr5 and maintenance Cleaning Garden malntenance 10.553 1,493 2,411 2,637 2,450 224 19.768 10,965 1.571 2,190 357 3,103 73 18,258 Admlni4tratlve oxpen808 2023 Administrative staff costs Telephone and Intemet Postage and ststs'onery Subscriptions Insurance Computer expenses Bank charges Depreciation Bad debts Sundry expenses Independent examinerfs fee 6,144 1,025 297 741 1,971 539 222 2.063 5.566 879 1.218 409 1.698 682 116 1.403 82 37 650 12,740 133 650 13,785 10 Padnell Pre-school NOTES TO THE FINANCIAL STATEMENTS (CONfD) for the year ended 31 August 2024 10. Staff costs 2024 2023 Salaries and wages Social security costs Pension costs (d8fined contribution scheme) Other employee benefits Total staff costs 142.554 2.982 3.883 118,789 997 2,926 149.419 122.712 No employees received employeo beneffts (axduding emplosffjr p8nsion costs) for the reporting period of more than £60.000. Totsl remunerab'on of £45.537 (2023: £42,982) was paid to key management personnel for their servI￿S to the charity. Key management personnel Includes trustees and senior management. For specific amounts paid to trustees, refer to Note 16. 11. Av•rag• head count Durlng the year the average number of employees was as follows: 2024 2023 Charitable activitie8 Governance Other 10 12. Tanglble flxed ass•ts Flxtures & Flttlngs Computer Equlpmgnt Total Cost At 1 S8Pt8mber 2023 Additions Dlsposals At 31 August 2024 14.029 7.175 14.029 8,441 21.204 1.266 22,470 Depreclation At 1 Septèmber 2023 Charg6 for the year On dlsposals At 31 August 2024 12.626 1,852 12,626 2,063 211 14,478 211 14,689 Net book value At 31 August 2024 At 31 August 2023 6,726 1.403 1,055 7,781 1,403 11 Padnell Pre4chool NOTES TO THE FINANCIAL STATEMENTS (CONTD) for the year ended 31 August 2024 13. Stocks 2024 2023 Charitable activities.. Opening Added in period Expensed in period Impaired Closing 605 521 982 (899) {130) 1.059 605 All stock held is for resal6. 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 1,151 2.188 2.448 2.448 3,339 Amounts due after more than one ￿ included above 15. Creditors 2024 2023 Trade creditors Other taxes and social security costs Accruals and deferred incom8 Other credltors 2.879 708 675 921 1.842 838 3,601 4,262 12 Padnell Pre4chool NOTES TO THE FINANCIAL STATEMEKfs (CONTD) for the year ended 31 August 2024 16. Trustees and rnlatod partlos During the year D Kingsbury received remuneration of £6,144 (2023: £5,566) as an employee of the charity, not for serving as a trustee. such pasrynents are perniitted by the charitys gov8ming docum8nt. No trustees have incurred expenses for fu￿lfIng their duties that have been reimbursed by the charity. 17. Movemeirt In funds At31 Incomlng August 2023 resour¢•8 Resources 0x￿nded Transfer8 At31 August 2024 UnrestrIct￿ fund• General fund 55,904 206.315 206,315 183.020 183,020 159 159 79,040 79,040 Restrlct•d funds ' Early Years Pupil Premlum Disability Access Funding 634 1,820 2.454 {538) 1.979 2.517 96 159 159 96 Total fund8 55,904 208,769 185,53 79,136 At31 In¢ornlng R080urces Transfers August 2022 resourc88 •xponded At31 August 2023 Unrostrlcted fund• General fund 52,032 52,032 158,934 158.934 155.062 155.062 55,904 55,904 ReBtrlctod funds (58) Total funds 52,090 158,934 155,120 55,904 1. Early Years Pupil Premium (EYPP) funding pyovides the charity wtth extra fvndlng to support children In a¢hleving the best early years outcomes. Disability Access Funding (DAF) is money that childcare providers can use to support children with disabiliknes or special educational needs. The$6 fvnds are ringfenced for spending in accordance y￿th theso purposes. 13