2023-08-31-accounts

LONG ITCHINGTON PRE SCHOOL & OUT OF SCHOOLCLUB Tntstees, Annual Rewt for tha year ondlng 31st August 2023. Charity Number. 1170843 Addres8: StLth Road, Long Itchington. Sryjtham. CV47 9QP Tn￿teas. Alexandra Feasey (whole year) Emma Lenihan (vthole year) B• Pell (wh)le year) Senior StafTr. Claire Hopkins Sarah Amawa Obiecliv•s and Activities There are Iwo purposes of this Charity. 1) to help children and young people wrlh ￿J￿tiOnal training, by providing pr&school care for chiklren aged two to fve years old for up to nine sessms pef week. Ea¢h session lasts for three hours 9anF12pm & l2pr￿3Wn. 2) to run a safe and fun oul of sch￿1 dub for Long Itchington Primary Schcd. 10 sessions per week. AM sesstons= 1hr 7.45am- 8.45 am. PM sessions- 2hr 45min 3.15pm- 6.00pm. We also run hoc Hdiday Clubs in schwl holidays as ¢ompetitNely as Frf)ssible to help the parents of the ktal communty. The charity aims to enhan￿ the devebpment education of children by encouraging parents to understand aNJ pr¢)vide for the need of their chiklren through communtty groups. In planning the obj'ectives and activiis of the Charity. the Trustees have rev￿Wed the guidance prowded by the Charity ccxnmlss￿n. The purposes ofthe charity are exclusively charitatrAe and have been prepared in aCI￿rdar￿ with the requirement of the Charttes act 2011 Ilhe Acr). Achiovoments and perfonnance The setting is currentW njnning with 6 rr￿rnberS of the team and are mainty breaking even most months. Considering Covid had a dramab'c effect on us due to the amunt of parents now working from home. we feel we have managed financialty very well. Finan¢lal Revlew Revenue 154k Expendf(ure for the charity is ()sety monitored and for this pe￿d arKI was at 159k. The main increase in costs vms due to updated materials for the setting. Thls has left the business wtth a-5.7k hxs. The business is (xsh po$￿Ve therefore we de¢KJed lo make this loss to upjate materials. Stockt0nRo￿￿)￿I¥￿￿Us0￿th￿wan￿IckShfreCv+7￿P lTelep1￿eOl926&II400I 0fsEedRe￿Strkn EY563360

LONG ITCHINGTON PAE SCHOOL & OUT OF SCHOOL CLUB Governing Document Long Itchington Pre-schwl established in June 199) and cc4rtinued until December 2018 when it was changed to Long ItthIng￿ Pr&school & Out of School Club from trading from 1stJanuary 2019. Long Itchington Pre-school and Out of Sthool Club is govemed trrf a company constilulion from the Earfy Learning Alliance Document. Appointment and recruilment of Trustees Trustees are appointed at the Annual General Meeting. The minimum number of Trustees Is 3. All 3 trustees are Current￿ all parents of CUTrent chiklren or parents of previous children that have been to ￿ setting. All new Trustees are provided with a (Jxmyttee kwk vknith indudes copies of.. The Charities Constttuknon The Lgtest Financial Acc>￿nts Code of Conduct cOnfK￿tiaIty Agreemerrt l trustees are encouraged to read Charty Commission and other newsletters and to attend courses deS￿ned to keep them abreast of their duties arKI responsibiltties. Organisational Structure The Trustees administsr the thanty and meet regularty through-out the year, during these meetings all charitable matter5 are discussed induding the raising of funds income stw¢ture, ong¢ing perf0rrnan￿ and any expenditure. The charity measures performan￿ against budgeted tsrgets and reports annualty at the Annual General Meeting, where trustee's resignation and appoinbnents are made in line with the ne￿SSary role and requirements. Risk Management Management has reviewed the major risks to whith the Charity is exposed. blthere appropriate systems or procedures have been established to mibgate the risks the Charity faces. Long Itthington Pre-school and Out of School Club benefits from a diligent and dedicated team of Trustees. Costs are dosely monitored to ensure the Charity operates wthin its means. The charity maintains a separate bank account to cover its reserves, all of which minimise its exposure to risk. The Charities intemal policies in pla￿ to mrtigate risk are listed on the Charities website. Reserves Pollcy The Charities reseNes policy is to maintain reseNes at a level adequate to protect its ongoing work from signfficant fluctuab'ons in SeN1￿ income. This policy is reviewed annually. The Chanty aims to hold sufficient reser4es to cover three months runnirKJ costs plus statutory redundancy costs. This value is set aside in a separate bank account which totals 20k. The Chanty reserves are therefore I￿lI(bI￿R Prtrs¢W&(k&￿sC￿a￿b l (haTityN& 1170843 StocktonRoadb)ngitrbingts>tyWthffjWaTWtckknCv47￿P ITe￿￿K￿De01926B1I4(K] l OtsfylRe*strth)o 11￿Ey56386

LONG tfcHINGTON PRE SCHOOL & OUT OF SCHOOL CLUB adequate. and the Trustees consider that the Charity ￿111 continue as a going concem for the foreseeable future. TFre are no material uncertainties about the Charities ability to conb'nue. Plans for Future Periods It is the Trustees intenton that the Charity will continue to proV￿e services in line with objectives and activities as noted in these financial statements. We are fwastiThJ a reduCtiC￿ in our income for the Au￿mn Tem. a5 akvays, the numbers get higher through the school ye. CM)SC is nonrolly very consistent but due to parents working from home our numbe￿ have been m￿h kywer, but this year this seems to be improving. The Committee will ￿ ck)sely mnitorirKJ our finaNaal p)sits)n to avoid a deficit at the end ofthe year 2024. We ourselves in slatffftg our setbng well but do not want to find ourselves over staffed. To rwe4V stsff salaries and houty rates as per national Itviryj wage This Trustees report was approved on September 28th. 2023 and s￿ned on behalf of the board of Trustees by: Rebecca Pell Chair of Trustees .&oi Pill ....................... Stockton ￿d, tAin8ltcbIDWOt4&yttham,W4Th￿c￿tl[tcv47￿Ip ITelepF4ine 01¥268114001 ofsted Rw"strdtioll No. EY563360

Balance Sheet

Long Itchington Pre-school and Out of School Club As at 31 August 2023

31 AUG 2023 31 AUG 2022 31 AUG 2021	31 AUG 2023 31 AUG 2022 31 AUG 2021
Fixed Assets
	Tangible Assets
	Buildings 555.98 555.98 555.98
	Less Accumulated Depreciation on Buildings (822.38) (555.98) (289.58)
	Computer Equipment 1,364.95 1,364.95 409.00
	Less Accumulated Depreciation on Computer Equipment (784.71) (443.48) (102.25)
	Office Equipment 13,329.17 13,329.17 11,780.17
	Less Accumulated Depreciation on Office Equipment (12,606.64) (9,661.60) (6,716.56)
	Total Tangible Assets 1,036.37 4,589.04 5,636.76
Total Fixed Assets 1,036.37 4,589.04 5,636.76 Current Assets
	Cash at bank and in hand
	Long Itchington LIAS Club - 2,244.31 9,997.04
	Long Itchington Pre-school CIO 1,392.97 5,435.14 2,372.77
	Savings Account 20,023.90 20,005.04 25,000.22
	Total Cash at bank and in hand 21,416.87 27,684.49 37,370.03
	Accounts Receivable 8,829.75 4,768.54 1,440.63
Total Current Assets 30,246.62 32,453.03 38,810.66 Creditors: amounts falling due withinone year
Accounts Payable 583.11 (297.27) 956.64
Historical Adjustment 14,000.00 14,000.00 31,361.78
NIC Payable 1,242.06 1,477.19 -
PAYE Payable (818.00) (799.40) (947.80)
Pensions Payable 471.73 1,087.42 911.55
VAT (1.66) (1.66) (1.66)
Long Itchington LIAS Club 15.40 - -
Total Creditors: amounts falling due within one year 15,492.64 15,466.28 32,280.51
Net Current Assets (Liabilities) 14,753.98 16,986.75 6,530.15
Total Assets less Current Liabilities 15,790.35 21,575.79 12,166.91
Net Assets 15,790.35 21,575.79 12,166.91 Capital and Reserves
Current Year Earnings (5,785.44) 9,408.88 (5,077.41)
Retained Earnings 21,575.79 12,166.91 17,244.32
Total Capital and Reserves 15,790.35 21,575.79 12,166.91

Balance Sheet 31st Aug 2023 Long Itchington Pre-school and Out of School Club

4 Jul 2024 Page 1 of 1

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner s Report Report to the tntsteesl members of L¢8JQ ITCU row P£ C. &CHoOL + cp)T OK SCHO<L CLV On accounts for the year ended Charity no lrfany 31" A X)23 ,,ioGw3 Set out on pages 10 fj3~. . . I rerxyt to the trustees rny 8xaminalion of Ihe ar￿untS of the above chafTiy {Ihe Trusf) for the year ended 31 0 8 10¥3 Regponslblllt5es and As the charity tfustees of the Trust. you ar8 responsible for Ihe preparatM)n basis of report of the ￿)UnIS in actordance wtlh the requirements ofthe Chartties Act 2011 fthe Prf). I report in respect of my exam1￿￿￿ ofthe Trusys ￿)urrtS carried out under section 145 of the 2011 Act and in carying out my examination, I have follr)wed Ihe apFAM￿b1e Direct¥)ns given by the Charity Commission under sedion 14515Mb) of the A Independent I have cA)mpieted my examinatv)n. I confiTh that no material matters have •xaminefs statement con* to my atten￿Tr (other than that dis¢k)sed below.) in connection with the examination which gives me cause to believe that in, any materi81 accountiry record5 were rnt kept n wKdance with section 130 of the A£t the acL7)unts do not w)rd with the accounting r￿ordS I have no concems and have ￿ne across no other matters in connedion wrth the eXaMina￿n to wh￿h attention should te drawn in order to enable proper understanding of the accounts to be reached. . Please delete the words the br8ckets rfthey do not apply. signed: Date: Name: Relevant prof￿1onal qualification(s) or body lif any): Address: IER October 2018

Section B Disclosure Only complete rfthe examiner needs to highlight matters of concern (see CC32, Independent examinalion of charity accg)unts'. directions and gUbjan￿ for examiners). Give hèra brief dotails of any Items that the examiner wishes to disclose. IER October 2018