REGISTERED CHARifi NUMBER: 1171627 Re of the Trustees and Unaudlted Ffjmnclal 5tstements forihe Yeai Ended 31 AuKust 2024 for Guildhall Feoffment Pres£hool & Nurse Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Buryst Edmunds 5ufft>lk IP32 7AR
Guildhall_Feoffment Presthool & Nursery Content5 of the Flnancbal siatemei for the Year Ended 31 Au ust 2024 Page Reportolthe Tfustees Independent MIne$ Report ststement of Flnanclal Acdvttles Balance Sheet Note5 to the F•nancial StatemeThts 7 ta 13 Detalled Statement of Fln•n¢l•l Act1¥Ie3 14 to 15
Guildhall Feoffment Pte$thotsl & Nursery Re ort ofthe Tree5 forlhe Year En41¢d. 31Augy&t 2Q24 The trustees present their report with the financial statemerfs of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitres preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective l January 20191. OBJECTIVE5 AND AcnvmES Objertives and alms The aim of the setting Is to enhance the development and education of children. primarlly for those under statutory school age. Workin8 In partnership wrth lis members, it encOrageS parents and guardlans 10 Uhderstand and provide for the needs of their children. The setting believes that children leam through play and it strives ro provlde appropriate resources and opportunitie5 for play vthilst educating and caring for all its thSldren, whatever their rate, culture, religion, means or ability. To facilitate its aims, the Pre-school and Nursery only employs staff with relevant qualificatlons and stringently abides with safe recruitrnent best prartice. All statt are encouraged to continue their professional development to ensure continuing excellence. Each child is appointed a key worker to ensure that their development is closely monitored and recorded. All staff have regular 'supekvisions by their manager, ensuring pastoral and safe8uardinÉ matter5 are highlighted. The Nursery works closely with parents and guardians, ensuring that they are infornied of activitie5 and of their chlld's progre55. Apart from staff being available before ènd after sessions, other communication methods include a weekly "newsy" email from the Nursery'5 Manager, the Nursery'5 website and noticeboard5. Publk benefit 7he Trustees have considered the Charty Commlssion's guldance on publlc beneflt. including the 8uidan¢e 'public beneflt.. runnlng a ch¥rity IPB21" The Pre-school and Nursery relles on grants from the local council and the incorne from fee5 to cover its operating costs. Affordability and 3ccess to our serwces is important to Us and 15 refleEted In the fees we char8e to parent5. ACHIEVEMENT AND PERFORMANCÉ AchSevements and perfomlan The setting has enjoyed another successfijl year. and having children from the age of 9 months ha5 helped us maintain our healthyfinancial position. The setting has lurther improved r(s offering of additional actiwties. such as forest schools. créfts, music classes and soft play. A5 a whole, the Setting is currentlyworking toward5 The Curi05ity Approach Accredrtation. The setting cutrentjy ha5 49 children on its register. Funding provided from Suffolk Ctsunty Council in the school year 2023124 amounted to £162,860. In addition. fee5 charged for Prtr5chool and Nursery attendance not covered by local authortty provision In the year arnounted to £295.772. Current staffing 15 at 16 mernbers of staff. induding 3 apprentice. The financial administration is cornpleted by the Mana8er and a5515ted by the Deputy Manager, with support from Knights Lowe, the charity's accountant. The incorne of the Pre-school and Nursery is detailed In the Statement of Financial Activities and 5UPPOrtin8 notes. STrUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by its constitution and constitutes a charttable incorporated tsrganisation iaoi. The constitution was re-written in 2017 when the CIO was formed. Page I
Gulldhall Feoffment Pre5cltool & Nurse Report of theTrustees forthe Yezr Ended 31 Au 5t 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT tharhy wnstltutlpn The P-sch)I was established in 1990 and registered as an unincorporated charity in 1993. On 31 August 2017 all the a55ets of the old unincorporated charity were transferred to this CIO. Oryanlsatlonal strurture Membership of the Pre-school and Nursery's Management Committee conslsts of at least S members and not more than ¥ Members with suf(able experience to work alCEside the committee to support the Pre-sthool and Nuriery. The Trvstees Original appointed in 2017 will rernain in place until they wish tD relinquish their post. Any other Committee memberstrrustees are required to Stand down from their position at the Annual General Meetin& retiring Committee members are eligible lor re-election. At the same rneeting an elertion for new members and officers will take ace. Guidance on the respOnbIlItIeS of the Comrnittee 15 offered in the Pre-school's 'Commrttee Information Guide,. As Tru5tee5 01 the registered charity the Management Committee strives to ensure the Pre-school and Nursery operates In accordance wlth the policies and constitution of the Pre-school. The Pre-school Is reglstered wlth OFSTED Ire8iStration no. EY5462731 and wot*s with Suffolk County Council. stringtO provide an outsrandin8 pmvision. As a responsible employer the Prtrschool and Nursery uses the seNlces of a payroll bureau to ensure cornpliance wi(h its payroll liablitieS.. to ensure compliance wlth employment law r( has appointed and seeks advice from 3 Human Resources consultant (Red Wingl. The Pre-school and nursery is registered with the Informatlon comrnl5sioeT'5 Office to ensure awareness and compllance with Data Protertlon legislat50n. Treatment of assets and surplus funds on a w1ndIn8p In the event of the dissolutlon of the M3n3gement Commtttee, the Pre-sthool 3nd Nur5ery'5 asset5 and surplus fund5 would pass to other charitable purposes the same as, or similar to, those of the CIO. Risk management The Managernent Committee have exarnined the major strategic and operational risks which the Pre-school and Nurseryfaces and confirrn that 5YStems have been established tD mitigate these risks. The Pre-school and Nursery insures throu8h a specialised childcare broker. Morton Michel. The oJrrent pollcy Is th StSrling and includes Public Liability cover up to £10 million. Employer's Liability cover up to £10 mllllon, Dlrectors and Officers. Liabilitycover up to £50,000 and Loss of Revenue cover upto £327.OlXJ. The Trust?Ès consider that unrestricted resErvÈs of not le5S than £l(K.COO should be retained w ensure that the Pre-school and Nursery is able to fund ongoing revenue cost5. principally staff wages, Should there be a delay or significant redurtion in revenue. or to meet financial liabilities induding statutory redundancy and notice payments to staff in the event of the Pre-school having to close without notice. Thi5 is reviewed annually. The Pre-school and Nursery constantly rewews its financial position, presenting a full flnanclal report at each Commlttee meetln8. The financlal records are held securely on site. available for inspection by the Management Commlttee and officers representing official bodies such as OFSTED and Revenue & Customs. A qualified accountant is appointed as an Independent Examiner to rewew the accountinB records at the end of each financial period, assist in the presentation of accounts in accordance wth relevant legislation and report back to the Management Committee on any recommendations arising from the review. REFERENCE ANDADMINISTRATIVE DETAI Reglstered Charlty number 1171627 Page 2
Gulldhall Feoffment Pre5chptil & Nursery ao Report of_the Trustee5 forthe Year Ended 31 Au ust 2024 Prfnclpal address Ford House Shirehall Way Bury St Edmunds Suffolk IP33 28A Tyustees S Howes Mrs T Bucher Iresl8ned 30.9.231 MrsSHerriott Ms M Frankum Ms S Dargan A Rawlings-Blackmore C shannon (appointed l.1.241 Miss S Tammaro lappointed l.11.231 Independent Exarniner Kirk Vaughan Knights lowe Chartered Accountants Eldo House Kempson W Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR Approved by order of the board of trustees on 25 November 2024 and signed on Its behalf by.. Mrs S Herdott- Trustee Page 3
Inde -dent Examiner's Rep.ort to theTrustees ot GuFldhall Feoffment Pres¢ho¢1 & N4trs¢ry ao Indepettdent examlner's reportto thetrustees ol Gulldhall Feoffment Preschool & NurseryCIO I report to the charity trustees on my examination of the accounts of Guildhall Feoffment Preschool & Nursery CIO Ithe Trustl forthe year Ènded 31 August 2024. Respunslbllttlesand basls of report As the charity trustees of the Trust you arE responsible for the preparation of the Accounts in accordance with the requirements of the Charltie5 Art 2011 (the Act'l. I report in respert of my examination of the Trust's accgunts c¥rrled out under Sertion 145 of the Act and In rarryinB out my examination I have followed all applicable Dlrections glven by the Charity Cornrnission under Sertlon 1451Sllbl of Lhv ACL. Independent exzmlner'5 ststement Since your charity's gross income exceeded £2SO,OOD your exarniner must be a fflernber of a listed iK)dy. I can conllrm that l am qualified to undertake the examination because l am a mernber of the Institute of Chartered Ac£Duntsnts in England and Wales. whith is one of the listed kndie5. I have completed rny examination. I confirrn that no materi31 rnztter5 have CDrne to my attention in connection with the etsrnination gi¥in8 me cause to believe that in any materlal re5ped.. accountin8 records were not kept in respert of the Trust as required by Section 130 of the Act.. or the accounts do not accord with those records,. or the accounts do not Comp with the applicable requiTernents concerning the fom and content of accounts set in the Charities IAccounts and Reports) Regulations 2W8 other than any requirement that the accounts give a true and tsir view which is not a matter conSided as part of an independent examination. I have no concerns and have corne across no other matters in connertion with the examination to which attention should be drawn In thls report in orderto enable a proper understanding of the atcounts to be aChed. Klrk Vaughan Knights Lowe Chartered Accountants Eldo Hous Kempson Way Suffolk Business Park Buryst Edmund5 Suffolk IP32 7AR 25 November 2024 Page 4
Guildhall Feoffment Presthool & Nwsery cio Statement of Financlal A¢Uvltles fortheyear Ended 31 August 2024 2024 UnrestrS¢ted fvnd 2023 Total funds Notes INCOME AND ENIX)VdMENTS FROM Donations and legacies 1,563 579 (harltable att14th$ Educatlonal attle$ 162,860 109,108 Fee income Investment income 295.772 2,255 282,919 1,077 Total 462,450 393,683 EXPENDITURE ON ising funds 270.354 235.061 Charitsble attltIeS Educational actlwities 149.771 143,228 Total 420.125 378.289 NET INCOME 42325 15,394 REcoNauATION OF FUNDS Total funds brou8ht forward 142.126 126.732 TOTAL FUN05 CARRIED FORWARD 184,451 142,126 The notesfom) part of these financial statements Page 5
Guildhall Fetsffment Preschofjl & Ntsrsery cio 8alance5heet 31 August 2024 2024 Unrestrfrted fund 2023 Total funds Notes FIXED A55Ers Tanglble assets 7,428 10,800 CURRENT ASSETS Debtors Cash at bank and in hand 2.200 189.326 2.493 152,682 191.526 155,175 CREDfTORS Arnounts falling due within one year io {14.5031 123,8491 NETOJRRENT ASSETS 177.023 131,326 TOTAL ASSEfs LESS CURRENT LIA8IUTIES 184.451 142.126 184.451 142.126 FLINDS Unrestrirted funds li 184,451 142.126 TOTAL FUNDS 184,451 142,126 The finanual statements were apwoved by the Board of Tmstees and authorised for issue OD 25 November 2024 and were slgned on Its behalf bv.. S Howes-Trustee c• C Shannon- Tnjste The notes form part of these financfjal statements Page 6
Guildhall Feoffment Preschool & NuT$*ry ao Notes tothe FJnan¢lal Statements forthe Year Ended 31 A itst 2024 AccovimNG pouaES Basis of preparlng the financlal statements The financial statements of the Charity, whlch is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accountln8 and Reporting by Charities= Statement of Recommended Practice 3ppllcable to charSties Fyeparln8 thelr accounts In accordance wh the Financial Reporting Standard applicable in the Ul( and Republic of Ireland IFRS 1021 leffectlve l January 20191,, Financial Reporting Standsrd 102 'The Financial Reportlng Standard appllcable In the LIK and Republlc of Ireland. and the Charities Act 2011. The financial statements have been prepared underthe historiul cost convention. The presentational £urrency of these financial statements is pounds Sterlin& rounding to whole povnds. Fln•ndal repor¢ standard 102- reduced disclosure exemptions The chartty has taken advantage ol the following disclosure exemptions in preparing these financial statements. as permitted by FRS 102'The Financi31 Reporting Standard applicable in the UK and Republic of Ireland.: the requirements of Section 7 Statement af Cash FIow5' requirement of para8raph 3.17ldl- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.481allllll, 11.48lalllvl, 11.48lbl and 11.481cl.' the requirements of paragraphs 12.26, 12.27, 12.29lal, 12.29lbl and 12.29A., the requlrement of paragraph 33.7. Income All income is reco8nised ITh the Statement of FSnancial Activities once the charily has entitlement to the funds, it is probable that the income wll be received and the amount can be measured reliabty. Expendlture Liabilities are recognised 3$ expenditure as soon 35 there is a legal or constructive obligation committing the charity to that expenditure. (( is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be MeaSud reliably. Expenditure 15 accounted for on an accrua15 ba5 and has been classified under headings that aregate all cost related to the category. Where costs cannot be dlrettly attrlbuted to particular headin8$ they have been allocated to artivities on a basis consistent with the se of SourCes. Debtors and ¢redftors duewtthin one year Debtars and creditors with no stated interest rate and receNable or payable within one year are recorded at transaction prlce. Any losses arlsfjng from impairment are recognised in expenditure. Taryble flxed assets Depreciation is provided at the following annual rate5 in order to write off eath asset over its e5tirnated useful Improvements to propertv Play equipment Furniture and fixtures Office equipment 5 years strai8ht line 3 years straight line 3 years straight line 3 years strai8ht line Taxatlon The charity is exemptfrom tax on Its charitable activities. Fund accounilni Unrestricted funds Unrestricted funds are Spent or applied at the dlscretion of the trustee5. to further any of the tharit¢s purposes. UnrestrSrted fund5 can be used to supplement expenditure made from restritted funds. Page 7 continued...
fjwld P s£hool & Nurse Notes to thLFinLrKio1 StateMe-¢ontlnUed forthe Year Ended 31 August 2024 ACCOUNTING POUCIE5- ¢ontlnued Fund attountlw Designated fund5 The tru5tee5 may choose to set a51de a part of the unie5ty1cted funds to be used for a partlcular future project ur LLIITifTiSlriiviil. By 1[TIdikI[lb fufid5 iii [1115 Wdy, Ili¥ tru5t¥¥s svt up a designated fund diat remains part ol the unrestrlcted funds of the charity. Thls Is because the desi8nation has an adminlstratlve purpose only and does not le8ally restri the trustees discretion In how to apply the unrestricted funds that they have earmarked. Restrirted funds Restrirted funds can only be used for partlcular restricted purposes within the objects of the tharity. Restrictions arise when specrfled by the donor or when funds are raised for particular re5tri£ted purposes. Guildhall Feoffrnent Preschool & Nursery CIO has no restricted ordesignated fund5. Hire purthase and leasin8 conwnitments Renta15 paid under operatiN8 leases are char8eil to the Statement Df Financial Activities ot) a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The tharity operates a defined contribution pension Scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activf(ie5 the period to which they relate. FEE INCOME 2024 2023 Fee Income Staff lunth contributions 295A13 359 282.699 220 295.772 282,919 INVEsrmE INCOME 2024 2023 Deposlt account Interest 2255 1.077 INDEPENOENT EKAMINATION FEES 2024 2023 Independent examlnatlon fee Otherfee5 Payroll processin8 fees 1235 1.687 1.235 1.465 1.905 4,605 Page 8 contlnued...
Guildhal[Feoffment P$th0O1 & Nurse ao Notssto the FlnaTrKial Staternents- conttnued for th¢ Year Ended 31 Au ust 2024 TRUSTEES, REMUNERATION AND BENEFITS 2024 2023 Tru5tee5' 5alaiies Tru5tees' SLKial Security Tru5tees' pensions ld 49.918 4.796 1.632 59.938 5.853 2.373 68.164 M Frankum was paid £31,131 for her role as A5SiStant Manager. C Shannon was paid £25,215 for her role as Manager. STAFF COSTS The average monthly number of employee5 during the year was as follows.. 2024 17 1023 17 Pre-school & nursery staff No employees received emoluments in excess of £60.TrJO. COMPARATIVES FOR THESTATEME14T OF FINANCIALAcnvmES Unrestricted fijnd INCOME AND ENDOWMENTS FROM Donations and legacies 579 Charti able artltIes Educational acrivlties 109.108 Fee Income Investment Income 282.919 1.077 Total 393,683 EXPENDITURE ON Raising funds 235,061 Charit4ble a¢ti¥ities Educational activit5e5 143.228 Tutal 378.289 NET INCOME 15.394 RECONCILIATION OF FUNDS Total funds brought forward 126.732 Page 9 continued...
Gulldhall Feoffment Preschool & Nursery cio Notesto the Flnanclal Statements. contlnuÈd lor the Year Ended 31 AuLu5t 2024 COMPARATIVES FOR THE sTATEMEoF FINANCIAL ACTIVITIES- continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 142,126 TANGIBLE FIXED ASSETS Improvements to property Furniture and fixture5 Play equipment Office equtpment Totals COST At I Septernber 2023 Additions 40,313 22,619 656 9,918 3W8 76,748 At 31 August 2024 40.313 23.275 9,918 3.898 77A04 OEPREaATION At I September 2023 Charge for year 32.601 2,456 20,304 L244 9,837 81 3,206 247 65,948 4.028 At 31 August 2024 35.OS7 21.548 3A53 69.976 NET BOOK VALUE At 31 August 2024 5.256 1.727 45 7A28 At 31 August 2023 7,712 2,315 81 692 10,800 DEBTORS: AMOUNTS FALUNG DUE WtrHIN ONEYEAR 2024 2023 Prepayrnents and accrued income 2,200 2,493 Page 10 contlnued...
h 11 Feoffment Preschool & Nursery cio Notes lo¢ho Flnanual Statements- contlnued forthe Year Ended 31 Au8USt 2024 CREDOR5. AMoup¥fs FALUNG DUE WITHIN ONE YEAR 2023 Trade creditors Taxatlon and social securitv other credf(ors 116 4,197 19,536 4,276 10.227 14.503 ?4.5149 Other creditors includes deferred income as below- Rele35ed in the year 2023 Deferred 2024 Fee5 Grant 15,354 115.3541 6,112 6.112 15.354 134,2111 10.258 6,112 ii. MOVEM IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unre5tr1tttdfunds General fund 142.126 4132S si TOTAL FUNDS 142.126 42325 184,451 Net movement in funds, Included in the above are a5 follows- Incoming resources Resource5 expenderl MovÈment in funds Vnrestricled funds General fund 1420.U51 42325 TOTAL FUNDS 462,4SO 1420,1251 42,325 Page 11 continued..
Guildhall Feoffmert Preschool & Nufsery cio Notes to th• Flnandal Statements- coniinued forthe Ye?r Ended 31 Ats$t 2024 ii. MOVEM IN FUNDS- contlnued Comparatl¥esfor movement In funds Net movement In fvnds At 31.8.23 At 1.9.22 Unrq5tricled funds General fund 126.732 15,394 142,126 TOTAL FUNDS 126,732 15,394 142.126 Comparative net movement in fvnd5, induded ill the above are a5 follows.. Incomin8 resources RÈsourtes expended Movement in funds Unrestrfded funds General fund 393,683 1378,2891 15,394 TOTAL FUNDS 393.683 1378.2891 15.394 A currentye3r 12 months and prior year 12 months combined kX)Sition is as follows.. Net movement in funds At 31.8.24 At 1.9.22 Unrestrfcted fund5 General fund 126,732 57,719 184,451 TOTAL FUNDS 126,732 57.719 184.451 A current year 12 month5 and prior year 12 rnonths combined net movernent in fund5, included in the above are as follow5.. lncorning resources Resources expended Movernent in funds Unrestricted fund5 General fund 856,133 1798.4141 57.719 TOTALFUND5 856.133 1798.4141 57.719 Page 12 condnued...
Guildhall Feoffment Preschool & Nursery cio Notes to the Flnartlal St8thments- Contlnued fprthe Year Ended 31 August 2024 12. EMPLOYEE BENEFIT OMLIGAnONS The charity operates a defined contribution scherne foi its employees. The arnount (0gnIsed jn the Statement of Financial Activtties totalled £6.58312023.. £5.0511. £1.23512023= £1,334) was included in credltors relating to pension contributions not paid at the year end. REiATED PARTY DISCLOSURES Thp charfty r•¢giv•d from tru5t44s, f99 and oth•r Incom* of £13,98112023., £10,442) at normal rates in r¢t of the children of trustees that attended the settsng durin8 the year. Page 13
Guildhall Feoffinent Presthool & Nurs cio Detalled siatemeni of Flnanclal Acttvltles for the Yezr Ended 31 Au ust 2024 2024 2023 INCOME AND ÉNDOWMÉpifs Donatlons and legacle$ Fundraising 1S63 579 Fee incorne Fee income Staff lunch contributions 295,113 359 28? 699 220 295.772 282.919 Investn*nt Intome Deposlt account inteiest 1255 1,077 Charable act[tIeS Grants 162.860 109.108 Total [roMIng resources 461450 393.683 EXPENDITURE OthertradlnR atthileS Wages Social security Pensions 256,196 8.152 6.006 224.534 5,476 5,051 270A54 235.061 Charitable aclmties Trusrees, salaries Trusrees, social securtty Trurtees. pensions paSd HI of equSpment Rent Rates 3n(J water Insuran Light and heat Telephone & internet Postage and stationery Advertisin8 Sundry expenses School lunches & 8rrIes Payroll bureau char8es Staff recruitment & HR Staff training & course fees Carried fOard 49.918 4.796 1.632 2.601 7,689 5.793 2.421 11.393 3,689 450 59,938 5,853 2,373 2,291 6,360 3,275 2.248 7.925 3.421 286 2A96 11,412 1,609 350 4,696 111,74S 3,121 9,958 1.801 251 1,920 111.021 Thi5 page does notform part of the statutory financial statements Page 14
Guildhall Feoffment Preschool & Nurse cio Detailed Statement ol Flnantlal Artmtles for the Year Ended 31 AuEL45t 2024 2024 2023 Charltable acllbtt5es Brought forward Cleaning & property maintenance Health & fety Kitchen equipment Outslde garden area Cornputer expenses & website Offi[• fixtur9$ & furnitur4 DBS checks Subscriptions Childrens, attivities Equipment & books Speech therapist Depn of plant & equipment etc. 111.745 18,804 234 746 59 2.474 111.021 15.162 148 28 700 557 291 335 3,421 377 489 7,999 97 661 S.996 593 1.368 4.027 146.849 140,528 surt costs Governance costs Independent examination fee Independent examiner's remuneration for other work 1235 1,235 1fi87 1922 2.7CO Total resources expended 410.125 378,289 Net Incorne 4232S 15,394 This page does not fomi part of the statutoryfinancial ststements Page 15