Highfield Community Pre-School
Charity number 1170496
Annual Report and Financial Statements
for the year ended 31 March 2024
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Highfield Community Pre-School
Annual Report and Financial Statements
for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 3 to 4 |
| Examiner's report | 5 |
| Receipts and payments account | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 to 9 |
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Highfield Community Pre-School Trustees' report for the year ended 31 March 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were:
| Name | Position | Dates |
|---|---|---|
| Simran Hussain | Chair | Appointed April 2024 |
| Abdool Kadar Saib | Nominated person | |
| Rachel Robinson | Trustee | |
| Sughra Mahmood | Trustee |
|
Mujeeb Masood |
Trustee |
Resigned April 2024 |
| Shazia Mehrban Trustee Zahira Razak Trustee Appointed April 2024 |
Charity number
Became a Charitable Incorporated Organisation on 7th December 2016 registration number 1170496.
Principal address Bankers The Highfield Centre Barclays Bank plc 21 Drewry Road 77 North Street Keighley BD21 2QG Keighley BD21 3RZ
Independent examiner Lucy Taylor
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 7 Dec 2016, and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
Objectives and activities
The charity's objects
The object of the Pre-school is to enhance the development and education of children primarily under statutory school age by encouraging parents/legal guardian to understand and provide for the needs of their children through community groups and by:
a) 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;
b) 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; c) instigating and adhering to the furthering the aims and objects of the Pre-school Learning Alliance.
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Highfield Community Pre-School
Trustees' report (continued) for the year ended 31 March 2024
Objectives and activities (continued)
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the
Charity Commission’s general guidance on public benefit and in particular the advancement of education.
Achievements and performance Managers report
This has been a challenging period for Highfield Community Pre-school due to management and staffing changes, as well as continuous rising costs. However, we have tried hard to cut costs where possible.
At HCP, our primary goal is to work in close partnership with parents and legal guardians, recognizing them as the children’s first educators. Over the past year, parents have actively participated in a variety of activities and events, and we look forward to strengthening this collaboration in the year ahead.
We continue to organise fundraising events such as Fab Fridays, along with seasonal celebrations like Halloween and Christmas parties. Moving forward, we will explore new ways to raise funds and sincerely appreciate all parents who have contributed to these efforts.
The staff at HCP would also like to extend a heartfelt thank you to our dedicated committee members for their unwavering support. Their contributions make a significant impact on the preschool’s operations, and without their help, we would not be able to provide the same level of care and education.
Finally, we hope that the committee will continue its invaluable support in the coming year. We warmly invite new parents and community members to join us, as their involvement can truly make a difference in the future of our preschool.
Financial review
The net receipts for the year were £9,928 all unrestricted funds.
Reserves policy
The charity's free cash reserves at the year end were £181,392
Highfield Community Pre-school aims to have reserves in the band of 50% (6 months) of anticipated expenditure.
Signed on behalf of the board of trustees:
Signed: R Robinson
Date: 23/01/25
Name R Robinson (Trustee)
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Highfield Community Pre-School
Independent examiner's report to the trustees of Highfield Community Pre-School Charitable Incorporated
Organisation ('the CIO')
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024, which are set out on pages 6 to 9.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the CIO as required by section 130 of the Act; or 2 the accounts do not accord with those records; or
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: L. Taylor Name: Lucy Taylor Date: 27/01/2025
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Highfield Community Pre-School
Receipts and payments account
for the year ended 31 March 2024
| 2024 132,664 4,360 1,972 4,474 844 574 144,888 102,743 728 92 673 17 129 330 849 622 3,375 490 1,370 342 23,730 1152 317 14 1663 62 0 0 156 903 432 0 134,960 9,928 157,473 181,392 |
2023 110,804 9,423 3,1733 6,9320 314 141 |
|
|---|---|---|
| Receipts | ||
| Early Educational Funding | ||
Fees |
||
| Fundraising & Donations | ||
| Lunch Club/snack & catering | ||
| Uniform sales | ||
| Bank interest | ||
| Total Receipts Payments |
130,792 | |
| 105,834 1,503 8 180 15 200 636 775 1,788 1,650 474 1,200 312 23,500 1,625 321 436 1,175 512 58 80 58 1,108 895 93 |
||
| Salaries, NIC & PAYE costs | ||
| Payroll & pension administration charges | ||
| DBS disclosures | ||
| Trainingand recruitment | ||
| Staff travel & subsistence | ||
| Uniform costs (staff) | ||
| Independent Examination | ||
Insurance |
||
| Licenses, Memberships & Subscriptions | ||
| Professional Fees | ||
| Computers, Software & Maintenance | ||
Printing, postage and stationery |
||
| Phone & internet | ||
| Rent of room & desk hire | ||
| Repairs and maintenance | ||
Cleaning& domestic supplies |
||
| Catering & Refreshments | ||
| Equipment & Materials | ||
| Activities expense | ||
Fish tank |
||
| Language translation | ||
| Committee expenses | ||
| Lunch club/snack expenses | ||
| Fundraising expenses | ||
Other expenses |
||
Total Payments |
144,436 | |
| Net receipts/(payments) | (13,644) | |
| Cash fund balances brought forward Cash fund balances carried forward |
171,117 | |
| 157,473 |
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Highfield Community Pre-School Statement of assets and liabilities as at 31 March 20234
| 2024 | 2024 | 2023 | 2023 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Cash funds | £ | £ | £ | £ |
| Barclays - Business Saver | 44,804 | - | 44,271 | 44,271 |
| Barclays - Community Account | 53,830 | - | 44,088 | 44,088 |
| Yorkshire Bank | 82,758 | - | 82,758 | 82,758 |
| Petty Cash | - | - | - | - |
| Total cash funds | 181,392 | - | 171,117 | 171,1178 |
| Other monetary assets | £ | |||
| Prepaid room hire | 1,977 | 1,977 | ||
| 1,977 | 1,977 | |||
| Assets retained for the charity's own use | ||||
| Laptop and desktop computers | ||||
| Printer | ||||
| Chairs and tables | ||||
| Shelving | ||||
| Roomscapes | ||||
| Fish tank | ||||
| Shed | ||||
| Filing cabinet | ||||
| Banners | ||||
| Laminator |
Fridge
| A full asset register is available | |
|---|---|
| Liabilities | £ |
| Independent examination | 330 |
| Pension costs – March 2024 | 248 |
| Bookkeeping – March 2024 | 250 |
| Barclaycard | 328 |
| 1,156 |
Approval of the accounts
The financial statements were approved by the board of trustees on
Date:
Signed:
Name
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Highfield Community Pre-School
Notes to the accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a registered charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Highfield Community Pre-School
Notes to the accounts continued
for the year ended 31 March 2024
| 2 Staff costs and numbers | 2 Staff costs and numbers | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Gross salaries | 102,743 | 102,546 | |
| Statutory pay and employment allowance | (4,411) | (4,791) | |
| Pensions | 1,304 | 1,503 | |
| - | - | ||
| 99,636 | 99,258 |
| The average number of employees during the year was 9.8, being an average of 4.5 full time equivalent | The average number of employees during the year was 9.8, being an average of 4.5 full time equivalent | |
|---|---|---|
| (2023:8.3 and 6.0 FTE). | ||
| There were no employees with emoluments above £60,000. | ||
| Defined contribution pension scheme | 2024 | 2023 |
| £ | £ | |
| Costs of the scheme to the charity for the year | 1304 | 1,503 |
| Amount of any outstanding contributions | 248 | 302 |
3. Related party transactions
Trustee expenses
During the year no trustees were paid (previous year: no trustees)
Trustee remuneration and benefits
No trustee received any renumeration or benefit during this or the previous year.
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