RIDGEWOOD PRESCHOOL ACCOUNTS FOR THE YEAR ENDING 31 AUGUST 2024 Registered Charity Number 1170289 RIDGEWOOD PRESCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 AUGUST 2024 CONTENTS OF THE FINANCIAL STATEMENTS Page General information Trustees annual report Independent examinerfs report Receipts and payments accounts Assets and Siabilities accounts RIDGEWOOD PRESCHOOL GENERAL INFORMATION FOR THE YEAR ENDING 31 AUGUST 2024 Status Ridgewood Preschool is governed by its Constitution. It was granted 'Charitable Incorporated organisation, status on 21 November 2016. Charity number 1170289. Trustees Mireille Williams- Chair Bridgette Bennett-Purnell - Trustee Emily Griffiths- Trustee Danielle Wakefield-Trustee Allison Glassenbury- Trustee Lucy Mortimer- Trustee Rachel Mills- Trustee Registered Office Ridgewood Community Centre 244 Station Road Yate Bristol BS37 4AF Independent Examiners Dolman's Chartered Accountants The Mews Hounds Road Chipping Sodbury Bristol BS37 6EE Bankers HSBC 2 North Walk Yate Bristol BS37 4AR Page I RIDGEWOOD PRESCHOOL TRUSTEES REPORT FOR THE YEAR ENDING 31 AUGUST 2024 The trustees present their report and the unaudited financial statements of the charity for the period ended 31 August 2024 Structure Governance and Mana ement Organisation The trustees are appointed or reappointed annually at AGM. Publlc benefit The Trustees have complied with their duty under section 17 of the charities act 2011 to have due regard to public benefit guidance published by the charity commission. Ob ertives and Artivities Objertives of the Charity The aim of the Pre-school is to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and bv Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion means or ability. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas. Summa of main achievements of the Chari durin the ear. The board of trustees have continued to manage this preschool well, considering the funding challenges and working within Ofsted expectations of a good or outstanding setting. Our staff team has been stable and cohesive. They work well together; the management style promotes a reflective prartice within a dynamic working environment. The staff are experienced, with paid training available where required. We offer plaï¿¿MentS to show students how we run our setting and how the EYFS principles are in our worklng practice. We maintain very good worklng relationships with other agencles. The families who bring their children here give us excellent feedback on the care we provide, and we strlve to provide fun and stimulating learnlng experiences through friendship and play. Page 2 RIDGEWOOD PRESCHOOL TRUSTEES REPORT FOR THE YEAR ENDING 31 AUGUST 2024 Summa of main achievements of the Chari durin the ear- Continued. We continue to meet the Ofsted criteria of offering high value early years education, interventions and progressing each child's development to theirfull potential ready for Statutory education. We excel at this especially for children with SEN. Reserves policy and risk management The trustees propose to place into reserves one third of any monies that are raised through fundraising at the end of any financial year. The trustees have examined the major risks to which the charity is exposed, and systems will continue to be e5tabli5hed to mitigate those risks. These procedure5 will be periodically reviewed to ensure that they still meet the needs of the charity. Plans for the future Continue to explore new ways to recruit more children to fill places. Explore more ways to encourage parents to take an active role in our preschool, this will help raise vital funds. Continue to manage the cost vs profit analy515 to ensure there is enough margin to be sustainable. Continue to seek grants to help maintain key activities of the preschool. Continue to build our reserves. Trustees, res onsibilities in relation to the financial statements The trustees, declare that they have approved the trustees, report above. Approved by the trustees and signed on their behalf by Date ................................ Page 3 RIDGEWOOD PRESCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDING 31 AUGUST 2024 I report on the accounts of the charity for the period ending 31 August 2024 which are set out on pages 5-6. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 {the Charities Act) and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515){b) of the Charities Act, and to State whether matters have come to my attention Basis of independent examlnerfs statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examiner's ststement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act- and to prepare accounts which accord with the accounting records and cornply with the accounting requirements of the Charities Act have not been met. Phillip Dolman FCA Dolman's Chartered Accountants The Mews Hounds Road Chipping Sodbury Bristol BS37 6EE Page 4 RIDGEWOOD PRESCHOOL RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31 AUGUST 2024 UNREsfRicfED RESTRicfED FUNDS FUNDS TOTAL 2024 TOTAL 2023 RECEIPTS Fees Grants- nursery education Grants- other Dinner & snack money Miscellaneous Bank interest 20,928 112,826 758 7,701 2,261 352 20,928 112,826 18,104 7,701 2,261 352 20,281 94,147 12,898 7.064 314 182 17,346 144,826 17,346 162,172 134,886 PAYMENTS Salaries Staff pension Staff meeting Rent Preschool lunches Printing & stationery Payroll fees Telephone and internet Miscellaneous Subscriptions Registration Equipment Training Advertising Repairs and maintenance Accounts Activities Insurance Bank Charges Cleaning 95,476 3,984 1,464 8, 438 1,273 2,015 531 653 921 270 249 37 982 274 1.056 498 192 1,049 60 951 120,373 10,152 105,628 104,116 3,984 3,509 1,464 1,227 8,438 8,929 1,926 1,352 2,015 815 531 531 653 708 951 1,282 270 267 249 188 37 170 6,043 974 274 152 1,167 I,ioi 498 470 805 1,128 1,049 1,005 60 120 951 1,432 136,993 129,476 653 30 5,061 iii 613 16,620 NET OF RECEIPTS / (PAYMENTS) 24.453 726 25,179 5,410 Funds Brought forward 33,453 4,800 38,253 32,843 CASH FUNDS TH15 YEAR END 57,906 5,526 63,432 38,253 Page 5 RIDGEWOOD PRESCHOOL STATEMENT OF AssEfs AND LIABILITIES AS AT 31 AUGUST 2024 Unrestricted Fund Restricted Fund Total 2024 Total 2023 CASH FUNDS Current account Grant account 30 Day notice account Fundraising account 36,210 1,760 15,020 4,916 4,710 816 40,920 2,576 15,020 4,916 18.371 3,271 14,732 1,879 57,906 5,526 63,432 38,253 LIABILITIES Independent examination PAYE contributions 480 294 774 480 294 774 480 279 759 The trustees declare they have approved the accounts above Signed on behalf of the charity's trustees M Williams E Griffiths Page 6