2023-03-31-accounts - Highfield Grange Pre-School

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HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 2023

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HIGHFIELD GRANGE PRE-SCHOOL

TRUSTEES REPORT

FOR YEAR ENDING 31[ST] MARCH 2023

Charity number 1172681

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 2023

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Trustees Report

The Trustees are pleased to present their report for the year ending 31[st] March 2023.

Reference and administration details

Charity name: Highfield Grange Pre-school Charity registration number: 1172681 Address of Charity: The Highfield Centre Highfield Grange Avenue Marus Bridge Wigan WN3 6RS Trustees: G. Ramsdale (Chair) S. Grindle (Treasurer) G. Grindle (Secretary) Committee: John Clark K. Priestley W. Meehan K. Tickle B. Greenhalgh Pre-school Manager: S. Clark Independent examiner: P A Hull and Company 23 Ladies Lane Hindley Wigan WN2 2QA

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 2023

_____________ Objectives and activities

The primary purpose of the Charity is to help children and young people with educational training by providing pre-school care for children age two to five years old for 5 days a week. Session times vary from 3 to 6 hours a day with the children also having lunch.

To enhance the development and education of children primarily under statutory age for school, by encouraging parents to understand and provide fir the needs of the children through local community groups. Offering appropriate play and learning facilities and access to training courses together with the right of the parent to take responsibility for and to become involved in the activities of the preschool, ensuring that they offer opportunities for all children regardless of race, culture, religion, disability, means and background. Encouraging the study of the needs of such children and their families and promoting interest and recognition of such needs in the local areas.

The Charity raises additional funds from the pubic to support the activities of the Charity but does not work with commercial participators.

In planning the objectives of the Charity, the Trustees have reviewed the guidance provided by the Charity Commission.

Achievements and performance

The committee has made a conscious effort to keep spending in line with the budget. We continue to receive funding from Wigan Council. We have been able to carry on update our outdoor equipment as and when it is needed. We have purchased a new wooden climbing frame and various bikes and exercise equipment to promote the children’s physical wellbeing.

Financial review

We have continued to generate a good income from fees received but this year has been harder because in the current climate parents seem to be waiting for their child to receive government funding. This means that we were only running at full capacity from January 2023 instead of September 2022.

Expenditure for the Charity is closely monitored. The main costs being wages and the rent of the rooms we hire for Douglas Valley Community who own the building.

The Trustees consider the yearend financial position to be satisfactory and confirm that the Charity can continue to meet all known obligations.

Structure, governance and management

Governing document Highfield Grange Pre-school Playgroup was established on 7[th] April 2017. Its constitution: the ‘Highfield Grange Pre-school Constitution Document April 2017 was registered with the Charity Commission (reg number 117268 on 21[st] April 2017.

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 2023

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Appointment and recruitment of Trustees

Trustees are appointed at the Annual General Meeting. There must be a least three charity trustees. If the number falls below the minimum, the remaining trustee or trustees may act only to call a meeting for the charily trustees or to appoint a new charity trustee.

Trustees’ induction and training

All new Trustees will be provided with a Committee welcome pack which includes copies of:

The Charity’s constitution
The latest accounts of the charity
Code of conduct
Confidentiality Agreement

and are encouraged to read the Charity Commission guidance notes CC3 –“the Essential Trustee, what you need to know, what you need to do” and PB3 – “Public benefit: Reporting”.

In addition Trustees are given all updated information for the Charity Commission and other newsletters.

Organisational structure

The trustees administer the Charity and meet regularly thought-out the year, during these meetings all charitable matter are discussed including fund raising, income structure ongoing performance and to approve forthcoming charitable expenditure.

The Charity monitors performance against budgeted targets and reports annually at the Annual General Meeting where Trustees resignation and appointments are made in line with the necessary roles and requirements of the foreseeable future.

Risk management

Management has reviewed any major risks to which the Charity may be exposed and have established appropriate systems and procedure have been established to mitigate the risks the Charity faces. Highfield Grange Pre-school benefits from a diligent and dedicated team of Trustees. Costs are closely monitored to ensure the Charity operates within its means. The Charity maintains a separate bank account to cover its reserves all of which minimise its exposure to risk.

The Charity’s internal policies and procedures are reviewed by the manager of the Pre-school regularly and are in line with the EYFS statutory framework.

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 2023

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Reserves policy

The Charity’s reserve policy is to maintain reserves at a level adequate to protect its ongoing work from significant fluctuations in service income. This policy is reviewed annually. The Charity aims to hold sufficient reserves to cover three months running costs.

At the end of the year 31[st] March 2023 the charity has total reserves of £28,991 of which nil is restricted. The reserves of the Charity are therefore adequate and the Trustees consider that the Charity will continue as a going concern for the foreseeable future.

Plans for future periods

It is the Trustees’ intention that the Charity will continue to provide services in line with the objectives and activities as noted in the financial statement.

We are forecasting that our income for the coming year will increase due to children on the waiting list due to start in January 2023.
The government have increased the funding for 3-4 years old’s and we have raised our session fees in line with funding.
We have been informed that as of 1[St] April 2023 that there will be an increase in rent and that this may increase again later in the year.
We were happy to receive a ‘good’ rating again in our Ofsted inspection in February and this will encourage all involved to go forward in the coming year and continue to give the children in our care the best start in their education.

Trustees

The current Trustees are shown on page 2 including those who have served during the year and any appointments and resignation dates as required.

Pubic Benefit

The Trustees have considered the Charity Commission’s guidance on pubic benefits. They confirm that in planning and carrying out the Charity’s activities they have had regards to this guidance.

Independent examiner reappointment

A resolution to appoint P A Hull & Company as independent examiner will be proposed at the next Annual General Meeting for the coming year.

The Trustees’ annual report was approved on the 6[th] December 2022 and signed on behalf of the board of Trustees by:

Gareth Grindle (secretary) Trustee

Company Registration No. 00000000 (England and Wales) HIGHFIELD GRANGE PRE-SCHOOL ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

HIGHFIELD GRANGE PRE-SCHOOL ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS Page Company infomiation Dir8Ctor5' report Accountsnts. r8POrt Incom8 St8t8nt Statement of financial pM)sitiL No18S to the 8ccounts Detailed KKofit and k)ss acLxyJnt 10

HIGHFIELD GRANGE PRE-SCHOOL COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Directors Mrs Susan (ndle (TreaSurI Mrs Gillhgn Ramsdale (Chairl Secretary Mr Gareth Gn'ndle Company Numbor OOOCO)00 IEngland aThl Wales) Rogl$t¢r•d Offl¢• The Highfield Centre Highfiekj GRrye Avenue Wigan WN3 6GH Accountants PAHull&Co Beech Hous8 23 Ladies Lan Hindley, Wigan Lancashi WN2 20A

HIGHFIELD GRANGE PRE-SCHOOL (COMPANY NO: 00000000 ENGLAND AND WALES DIRECTORS. REPORT The directors yesent their rK)rt and a¢UnIS forthe year 31 Marth 2023. Dlre¢tors The following directors h81d offic8 during Ihe whd8 of th8 pe1. Mrs Susan Grindle ITreasurerl Mrs Gillian Ramsdale Ichairl statement of directors. responsibilities Thè directors arè responsib for preparing the reFx)rt and acctyJnts In acctharte wlh apICatIe law and regulations. Company law requires the directots lo prepare a¢ts for each finartial year. Underthat law. the directots have eleeled to prepar8 the accounts in accordance with Unit8d KiThJdom Generdlly Accepted Accounting Prdctice IUnit8d Kingdom Accounting Standards and appliGqble18wI. Under company law the dir8Ctors must not 8pprov8 the accounts unless they are satisfiad that thgy give a true and fair view of the state of affairs of the company ol the profit or loss of the company for that perKJd. In preparing these accounts. th8 directors are reouire(l to.. - select suitablè accounbng polioes and thèn appty them ¢(s1$tentty. make judgem8nls and 851irnat8S thal are reaSLabI8 and wwjenl.. - prepar8 the accounts on the going conc8m basi5 unl858 it i¥ inappropriate io presurne that tha cvmpany will continu8 in bu8in8SS. The directors are responsibb for keeprrtJ adequate ac(ounlThJ reccffds Ihat are sUfficnI to show and explain the compan¥s transactions and disclose with reasOnae a(turacy at any bm8 the finawal posilioTh of the o)mpany and enable them to ensure that the accounts comply with the Companies Act 2(kn. They are also spsINe lor saleguaréing the assets ol the company and hèncè for taking r88sOnab stèps lor th8 Vant10n d818d1 ol tra and othar itt8gul8ritias. Sm811 Company provlslons This raport has beon pmpar8d in aeeord8nc8 with th8 sp8ts81 pww5)nS f•L4j to small ajmpaniès within Part 15 of th8 Cornpanie5 Act 2006. Signed on behall ol the board of direetors Mrs Susan Grindle {TreaSurI Director Approved by the board on.. 6 08r£mber 2023

CHARTERED ACCOUNTANTS. REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF HIGHFIELD GRANGE PRE-SCHOOL FOR THE YEAR ENDED 31 MARCH 2023 In order to assist you to fu11 your duts$ under the Ccrfnpanies Act 20(. we have ppared for your approval the a¢wunls of HIGHFIELD GRANGE PRE.SCHOOL for Ihe year ended 31 March 2023 as set out on page$ 6- 9 from the o)mpanVs accx)unting records and from inf(malion and explanatio1 you have given us. As a pr8Cti&ng member firTn of the Institute of Chartered Accountanis in England and Wales {ICAEWI. we 8r8 sufy'ect to its ethir21 and other professional requirements whith a detailed at Kaew_wmlmembershandbcx)k. Our work ha5 been undertaken in accr*dar wrth AAF 7116 as d8tai18d at .(x)mIc0rnpllatK)n. PAHull&Co Chartered A¢(ounlants Beech House 23 Ladies Lan8 Hind18y, Wigan Lancashire WN2 2QA 6 December 2023

HIGHFIELD GRANGE PRE-SCHOOL INCOME STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Turnovèr Cost of sales 119,798 187,7731 88,815 181,5001 Gro$$ profit 32.025 7.315 Adminislralive expenses Olhef operating Income 124.2931 120,0861 500 Oparatlng profitlllo$$l 7,732 112,2711 Int8r8sl receivable and sirnir ino)me Profitlllossl on ordlnary actlvStles b•for• taxatlon 7,733 112,2711 Tax on profivllossl on ordinary activrties Proflullossl for tht finnclal y•r 7,733 112,2711

HIGHFIELD GRANGE PRE-SCHOOL STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 2022 Notes Flxèd assèts Tangible assets 2.049 2,237 Current assats Debtor5 Cash al bank and in hand 244 27,860 21,576 28,104 21,576 Credltors.. amounts falllng due wlthln on• year 11.1621 12,5551 Not ¢urr•nt ass¢t$ 26,942 19,021 Not assets 28,991 21,258 Capltal and reservo8 Profit and loss account 28,991 21,258 Sharthold•r$' lund$ 28,991 21,258 For the year endlng 31 March 2023 the company was enb.lled to exempbon from audit under seclion 477 01 the Companles Act 2006 rolgting to small companies. Tho members havè r8quired the company 10 obtain an audit in aceordancè with sèction 476 of th8 Cornpanies Act 2(M)6. Th• tJir8ctors ackng$ t1r r8sponsibiliti•s for COmng with Iha rnquir8monts of th• Act with r8SPaCt to accounting racords and the preparalon ol aecounls. These accounts have been prepared in aco)rdance wlh the prowsKJns pliCae to CLJmpanies subj'ecl to the small companles, regSme and in accordance th the provL%ions of FRS 102 secon IA. Small Entibes. The financial ststements were approved by the Board of Directors and authorised for issue w 6 December 2023 and We sned on Sts t)ehalf by Mr5 Susan Grind18 ITr98sursrl Director Cornpany Registration No. 0000(KJOO

HIGHFIELD GRANGE PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1 Statutory information HIGHFIELD GRANGE PRE-SCHOOL is a privats company, limited by shares, registered in England and Wal85, registration number 00(KM)000. The regISted office is The HIghfie Centre. Highfield Grange Avenue. Wigan. WN3 6GH. 2 Compliance with accounting standards Th8 accounts hav8 been prepared in 8crx)rd8nc8 th the provi&ons of FRS 102 S8dK)n 1A Small Entit188. Th8re w8r8 no material departures from that stsndard. 3 Accountlng policles Th8 prinopal 8ccwnting policies adopted in thè weparati ol Ihe fin8naal 5tatern8nt5 ar8 S8t out b81ow 8nd h8ve r8rn8in8d unchanged from th8 pr8ViOUS y8ar, and 8150 hav8 been con&518nlly applied within th8 sarn8 a¢)UntS. Ba$1$ olprepar•tlon The accounts have been prepared under Ihe historical cg cr¥w8nlion a¥ mcJffied by th8 revaluation of c8rt8in fixed as8818. Pre$ent•tlon currency Th8 sccounls are presen18d in £ stérfiwJ. T•nglble flxed assets •nd depre¢l•tk+n Tangible a5se15 are includ8d al cost less depreciation and impainmnl. Dèpr8eiaii?n has bèèn provhyèd at thè following rat8$ In order to write off th8 8S¥8ts over tsir gStirnat¢d u8rful li= Fixlums & fittings Cofflput8r equiprnènl 25% R8dutsrYJ Balanc8 25% Reduar¥J bslance 4 Tonglble flxed agsets Flxtur•$ & Computer fittlngs equlpmtnt Totsl Cost or valuatlon At 1 April 2022 Additions cost 1,709 435 At cost 2,992 4,701 435 At 31 March 2023 2,144 2,992 5,136 Depre¢l•tion At 1 April 2022 Charge for the year 1,418 394 2,464 623 229 At 31 March 2023 1,275 1,812 3,087 Net book value At 31 March 2023 869 1.180 2.049 At 31 March 2022 663 1,574 2,237 5 D•btor$ 2023 2022 Amounts falling due within one year Other debtors 244

HIGHFIELD GRANGE PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 6 Creditors: amounts falling due within one year 2023 2022 Taxes and social security other ¢ditorS Accruals 359 464 892 1,199 803 1,162 2,555 7 Average number of employees During thg year the average number of enWoyee$ was 712022.. 71.

HIGHFIELD GRANGE PRE-SCHOOL DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 This 5che(luie ¢Joes not form part of the staDJtory accounts. 2023 2022 Turnover Sales 119.798 88.815 Cost of sales Purchases Direct labour Oth8r direct Costs 5.113 80,801 1,859 5.522 74,694 1,284 87,773 81,500 Gross proflt 32,025 7,315 Admlnlstratlv• •xyns•s P8nsions Staff training and welfare Travel and subsistence Rent Cleaning T81ephone and fax St81ion8ry and printing Subscriptions Insurance Repairs and rnaintenanc Depreclalion Sundry expènsss Accountancy fee5 Oth8r legal and professional 853 1,037 1,612 20 14,197 13,521 201 490 1,194 197 505 672 3,166 208 648 504 623 703 45 1,284 1,380 234 24,293 20,086 Other operatlng Incom• Other operating income 500 Operatlng prollUllo##l 7,732 112,2711 Intore8t r•celvable Interest receivable Proflvllossl on ordlnary actlvltlos beforn taxatlon 7,733 112,2711 10-

Company Registration No. 00000000 (England and Wales) HIGHFIELD GRANGE PRE-SCHOOL ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023