Shepherd's Spring PreChoOl Nursery Statement of Accounts For The Period to 31 March 2024
Shopherd's Spring Pre4chool Nursery Charity Commisslon Number 1172257 Address Smanngl Road Swing Meadows Childrens Centr6 Smannell Road Andover SP116JP Bank¢rs Lloyds TSB plc 22 High Street Andover SP10 1NW Indepgndant Examlner M VV A¢counling Ltd Unit 5 Basepoint Business Contre Caxton Close Andover SP10 3FG
Shgpherd'$ Sprfng Pre4chool Nursery Indendant Examlnorfs Roport to thè Trust• of th¢ Sh•ph¢rd$ Sprlng Pre4chool Nursery I rèport on tha aecounts for the pèrK)d •ndad 31 March 2024 Respedlve responslbllltleg of trustees and examlner The tharity's InJst885 con5id8r that an audit is not required for this ygar (under section 144121 of the Charities Act 2011, and that an independent exarnination is needed. It is my SponSIbilIty to-. examine the accounts (under section 145 of the Act) lo follow the prOre$ ld down in the Genwal Diretions givon by the Charity Commisslon luThJèr $8Ction 145151 Ibl of the 2011 Acll. and to state whether particular matters have come to my attention. Basls of Indep•nd•nt •xamlnorf8 r•port My examinats'on was carried out in accordan¢e wth Genera Direclw)ns given ty the Charity Commission. An gX8mination in¢ludes a r9view of the a¢(YJunting records kept by thg charity and a ¢omparision of the accounts pre58nt8d thos8 records. It also indud85 consKleration ol any unusual it8ms or disclosur8s in th8 accounts, and seeking explanation5 from the trustees conceming any such rnattefs. The procedu5 undertaken do not provide all the evidence Ihat I)Uld be required in an audit, and consequently I do not epxre55 an audit opinion on the accounts. Independent examinerfs statement My axamlnatlon was carrfed out Sn 8ccordanc& lA Genèral Dlractions glvan by tha Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparislon of thè accounts presented wth those records. It also includes consideration of any unusual items or disclosu$ in the accounts, and seeking exp18n8tions from th8 trustees concerrmng any such matters. The procedures undertaken do not provide all the evid8nc8 that would ba fequired in an audit, and consequ8nUy I do not 8pxres$ an audit opinion on th9 a¢counl$. In the course ol my examination, no rnatter has Come to my attention which givas m& reasonabla causa to bgliov& Ihat in, any malarial wspact. thè trustaès hava not met the requirements to ensu that.. -propeT accounting records are kept lin acccKdance wlh section130 01 the Actl., and - a¢wunts are prepared which agree VAth the acwunting records and ¢ornply wth the accountirHJ requirements of the Act,. or to which, in my opinion, attention should b& dravm in order to enab18 a prop8r derStandIng olthe accounts to be reached. W Accounting Ltd Unit 5 Basepoint Businoss C•ntre Caxton Clos• Andov•r Hamh1r? SP10 3FG 14 January 2025
Shepherd's Sprlng Pre-school Nursery Statement of Financial Activilies For The Period to 31 March 2024 Notes Total Restricted 31 Mar 2024 Unrestricted Incomlng resources Voluntary income Activities for generating funds Grants Investment income 734,080 734,080 562 562 Total incoming resources 734,642 734,642 Rosources expgnd8d Costs of generating voluntary income Charitable aclivTties Governance costs 697.125 8,433 697,125 8.433 Total resources expended 705,558 705,558 Surplus l (Doflcltl for the financial year 29.084 29,084 Balance brought forward at 1 April 2023 111.6251 111.6251 Balance as at 31 March 2024 17,459 17.459 The trust has no récognised gains or kJsse8 other than the figures shown above.
Shapherd's Spring Pre-school Nursery Balance Sheet as at 31 March 2024 Notes 31 Mar 2024 Flxod Assets Tangible assets Currnnt Assets Debtors Cash al bank and in hand 10 59.361 59,361 CrltOrs.. ¥mowtsfWWft9 11 41,903 Not Current As$•ts 17,458 Not Assats 17,458 Accumulated Funds Unrestricted Funds Restricled Funds 17,458 17.458 Approved by the Board of Trustees on 14 January 2024 ond signed on its behalf by Name.. Treasurer
Sh•pherd's Spring Pre4chool Nursèry Notes to the Accounts as at 31 March 2024 Accountlng Pollcl•s In preparing the a¢¢ounts the fdbwing accounting policies have been coMpld with.. al B$l$ of a¢coun¢lng Th8 finan£1 statements have been ppar<t und8r th8 histOriC81 wsl convention an¢ in accordance with applieable a¢¢ounling stanttard5. the Charities SORP 2005 IA¢countlng and Reporting by Charities) and Comply with the Charits'es IA¢counts and Reportsl Regulab'ons 2005 issued under the Charit19s Act 2011. bl Funds ac¢ountlng Unreslricted funds are availabk8 for use at Ihe dItion ol Ihe trustee5 in furtheranc8 of the genèral objoctiV88 of the charity Restricted funds a Subject to restrictv)n5 on their eynditure imwsed by the éonor or through Ihe temis of an apal. ¢1 kn¢omlng ro$ource8 All incorning re$our¢es are included in the Statement of financial aclivllies when the charity is enliued to the incomè and th8 aTh)unt can b8 quantified witt) reasonablo certainty. Investment incorrE is indudad when rerNable, Incorn9 resources from ¢harpIab trading activty are account8d for when eamed. dl Rosour¢•$ •xp•nd•d Expanditure is included on an accruals bask%. Costs of 9enerating voluntary incorne cornprises the costs as$¢Kiated with atracting. recording and acknowAodging volunt8ry incom8. Charitsble activities comprise I)se cost5 incurred by Ihe chanty in the d&liveran¢s of its acb'vibes and seNi¢es for boneficiarias. Govemance costs include expenses associated with meetsng Ihe constitutional and 51aluiory requir8rn8nts of the charty and in¢lude the indep8ndent 8xaminerf$ fees and costs linked to the $trategl¢ management of Ihe charty. •) D•pr•¢la0ft Depreaation is provided on all tanglble fixed assets at rates calculated to write off the cost or valuation, less estimated SIdUal value bas8d on prices prevailing at the dat6 of acquis.0 or revaluation. tsl each asset evenly over its expected u$efeul life. as follows.. Equiprnent - 20 % straHJhl Ilne Computers - 25 % straight line
Shophord's Spring Pre.School Nursery Notes to the A¢counts....contlnued as at 31 March 2024 Voluntary Income Unrestricted Funds Restricted Funds Total 31 Mar 2024 Fund raising activities Security grant Actlvltlès for gengratlng funds Unrestricted Funds Restrted Funds Total 31 Mar 2024 Fees HCC Grants Weware food income 377,623 356,457 377,623 356.457 734.080 734,080 Grants Unrestricted Funds Reslricted Funds Total 31 Mar 2024 Special grants Rel¢xatKJn grant Invostment in¢om¢ Unrestricted Funds Restrided Funds Tots1 31 Mar 2024 Bank Interest 562 S62 562 562 Costs of generatlng voluntary Incomg Unrestricted Funds Reslricled Funds Total 31 Mar 2024 Fund raising
Shepherd's Sprlng PrfrS¢hool Nursery Not•s to tho Accounls....continued as at 31 March 2024 Charitable activlties Unrestricted Funds Restricted Total Funds 31 Mar 2024 Food and milk purchases Educational activity supplies Fuinilure and 8quipm8nt staff costs Clothing costs Telephone Post and statvjnery Travelling Repairs and renewals Cleaning Computer costs Rent, rates and water Insurance Light and heal Sundries Bank charges Earfy years pupil premium received Eady years pupil premlum exnded Loan interest Depreciation 15,449 14,365 15,449 14,365 602,608 513 3.482 589 155 1,145 602,608 513 3,482 589 155 1.145 6,042 35,685 4,476 10,645 973 113 6,042 35,665 4,476 10.645 973 113 900 900 697,125 697,125 Governance costs Unrestricted Funds Restricted Funds Total 31 Mar 2024 Accountancy and professional fees Subscriptions Training 3,649 2.805 1,979 3.649 2,805 1,979 8,433 8,433
Shepherd's Sprlng Pre-school Nursery Notes to the Accounts....continued as at 31 March 2024 Tanglbl• flxed assgts Total Equipment Cost: 8roughl forward Additions As al 31 March 2024 Depr•¢latlon: Brought forward Charge for the year As at 31 March 2024 Not book valuo: Brought forward As at 31 March 2024 10. DebtOTS 31 Mar2024 31 Mar2023 Other debtors 11. Creditors 31 Mar 2024 31 Mar 2023 Social security and other taxes Bank loans Accruals & deferred income 8,168 33,135 600 6,219 38,508 600 41,903 45.327 12. Analysis of fund assets and liabilities Llnreslricled Funds Restricted Funds Total Funds Tarngib fixed assets CuTrenl assets Current liabilities 59,361 141.9031 59,361 141.9031 17,458 17,458
Financlal Report for the Yèar Endlng 31 March 2024 The charity recoided a surplus of £29,084.00 for the year, reftecting its resilience amldst flnan¢ial ¢hallenges during the period. Strong financial management and the ability to adapt to real-time finanti81 data were kev factor5 in increasing Capltal balancès, resulting in a profit of £17,459.00. Income and Ottupancy Total incoming resources rose by £155,816.(KJ compared to the previous year, highlighting the charity's success in optimising occupancy levels despite the ongoing national staffing crisis. Additionally, the increased base-level funding rates provided an opportunity to significantly improve our financlal position. C05t Management Food and milk expense5 decreased by £8.549.00. Alihou8h inflation and the need to accommodate specific dietary requirements led to higheT individual item costs. the implernentation of an effective stock management and ordering system helped mitigate these impacts. Staffing Costs Staff expenses increased by £64.306.00, driven by adjustments to natlonal mlnlmum wage rate5, competitlve pay Increases, and the hiring of a chet to support operations. Operatlonal Costs Rent. rates, and water expenses experienced a minor redurtion of £15.00. Light, heat, and sundry costs rose by £1,331.00 due to inflation. A shared utilities arrangement with Hampshire County Council, whose staff have been hybrid working, contributed to this increasè. Subscription costs grew by £671.00 to support efficiency improvements and manage ongoing workload dernand5. ProfessSonal Fees and Tralnin8 Profe55ional fees decreased by £6.287.(K), while investment in staff training increased by £687.00 as part of our commitment to maintaining a skilled and informed workforce. Loan Repayments Repayments on the Bounce Back Loan now totèl £33,135.00, marking a ieduction of £5,373.00 from the prior vear's balance of £38,508.00. The charity's abillty to adapt to financial pressures and implement strategic improvements has enabled it to achieve a stron8 financial position for the year ending 31 March 2024. Sharon Harper-Ronald Trustee of Shepherd's Sprin8 Preschool Nursery January 2025