Charity registration number 1173781 WATER LILIES PRE-SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
WATER LILIES PRE-SCHOOL LEGALAND ADMINISTRATIVE INFORIIIATION Trustees L Mountain l Turner A Scl)oficld Charity number 1173781 Principal address 9 Cook m.av Broadbridee Heath Horsham JA.esi Sussex RH12 3US Independent examiner DaTr¢n Harding ACA fccA DChA Richard Place Dobson Sen'ices Limited 1-7 Station Road Crnivlei" Wc5t Su55CX RHIO IHT
WATER LILIES PRE-SCHOOL CONTENTS Page -] rustees, report Independent examinels rerK)rt Stalemeni of financial activilies 14alance sheet Notes w ihe financial SementS 7- 12
WATER LILIES PRE-SCHOOL TRUSTEES, REPORT FOR THE YEAR ENDED 31 JUL Y2024 -l-he irusiees present iheir annual rewrt and financial $thMen1$ for the l'ear ended 31 July 2024. 'I'he financial staiemenis hale been ppared in a¢cordan¢e i%"ith the accouniing wlicies sel out in nole I lo ihe financial statements and coniplN' ii.ith the charit) s constitution. the Charitics Act 201 l and 'Accounting and Reporting b!, Charities.. Statement of Recommended Practice applicable 10 charities preparine Iheir accounis in accordance with the Financial Rewrting Sidd applicdblc in the UK and R¢public of [r¢ld IFRS 102) lcffcctii'c l Janum" 20191" Obje¢tive$ and activities To support childrun's intLllcctual and social dcl'clopmcnt b!. providing a safc. intcrcsting and fun Icarning cnvironincnt for local children aged 2-4 years in line li iih ihe F.arl! Years F"oundaiion Siage 2012 (F.YpsI frame%%'ork. Through a mix of adult-led and Self-initiated activiiies. Mater Lilies Pre-school encourage the children to explore their 5UTrounding5. encounter nciv CXFKfiencc5 and Icam to takc risk5 in a safe and nurturing eni'irontn¢nt. Working wiihin the b.arly Years Foundalion Sthge 2012 (F.YF"Sl frameNN'ork. the Pre-school supwTrrts a Child's intelle¢lual and social dcvcloptncnt. In order to achicvc thi5. the pSchool= Assigns a Ke). '0[ke1 io each child. ii.ho moniiors and assesses their d¢elopment and works with parenls lo tailor a routinc that mccis ihc child's rcquirctncnls Designs personal deN'elopmeni plan for each child in selling. ProTr'idcs a y]ed and stimulating rang¢ of cducational to!"& gaJn¢s and actii"ities to encourage childr¢n to play. Icarn and gro. at thcir own pacc in linL is.ith thc principles of childwccntrcd cducation. Thc prc-school opcratcs undcr thc cihos that a balanccd dict is csscntial for thc tnaintcnancc and protcction of childrcn's hcath, and ihat deweloping a health diei and good eating habits in life will la). Ihe foundaiions for future health. Thc prc-school is govcrncd by Ofstcd and is rcquircd to adhcrc to their guidancc. It is inspcctcd in linc Thith Ofstcd rcgulatory requirements. In line iN'iih gol'ernmeni safeguarding legislatiorn all staff and m]stees are required to undertak-e DBS checks prior to appointmcnt. Achievement5 and performance In Scptcmlxr wc iTr'clcomcd and scttlcd our ncii. childrcn starting tlic aummn rni. On 26th Scptcmbcr thc Library Bus catnc to visit. Thc childrcn got to go on thc bus. listcn to somc storics and chosc a knk to bring back into the setting. The Macmillan Coffee Morning M'as a success with lots of parentslcarers attending. The children made cakes in the session and a parent donated a chocolaie cake. .e raised £85 for ihis fanthsii¢ cause_ On ihe l Oih Ociober we had a Healthv Eaiine M'eek- li-e tried different fn]its at snack time and had Ix)ok£ related to ihiq. We incorporated balloons and puptKts. also gave out a hcalth!. cating Icaflct and thc children took a pi¢cc of fruit homc. We had I lalloween F un Week - 16ih October ii.iih lots of craft aciivilies Pumpkin biscuils, M'ilch's ha printing spiders. ghost picturcs, thcmcd Tuff Tra)'s- corn flour and othcr Halloivccn signs and lakls. On Frida). 20th OctoEKr- had a morning and aftcrnoon Hallo"¢¢ Partk"_ m.ith th¢ bounci, castle and soft plaN' OUL tnu51C and dance, party food and games. On Friday 3rd Noi'cmbcr- thc childrcn crcatcd firciiork picturck and ii"c talkcd aEout kccping safc whcn going to Fircw'ork Displays. On Il'ednesda) 8th November li'e celebrated Diii'ali - we created piciures and had a slorj. aFK)ui Diwali. page I
WATER LILIES PRE-SCHOOL TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 On 'lThursdav 9ih November w.e celebraied Poppy Dav _ the children made a large poppv 1th iheir handprinls as petsls. W'e also niadc poppics using potatocs. For 'childn in Need i%'eck- frotn 15th NovctniKr M-ith lots of craft activities - Pud5cy crowns, bi5CUits decorating. tuft tra!.. ell0, pla) dollgh, Pudsei. plates. In Dcccmbcr ii'c had lots of actii'-itics rclalcd to Christmas Trdill thcmc trdv. snoiir traN,. Christmas traN', a Christmas trcc display, Aris and crafts. stories. The children ii.roie Chrisim&s cards and c£ni Santa a letter. On December I st li'e held a Christmas stai. and pla), session i%"iih a lol of parentslcarers attending. We did Christmas crafts and had a ('.hrisimas siory. The library bus visited on 12th December ii'ith lots of stories and songs alN)ut Christmas. 14th December e had our Christmas Party and had a i'isit from Santa himself. We held a Chrisimas rnffle with just over £150 raised for new" resources. In December li'e had a staff Christmas Part), at the Holida!. Inn. We hope to do Ihis again neyt }'ear. Spring Tern) -I'he ihildren ielebraied ihe l.unar New Year on Febtuary 12th - we enjo)'ed PTaMn crackers and noodles for snack time. 'lThe childrcn also crcatLd lantcrns. 14th Fcbruary" we had a valcntinc s fun wcck - we creatcd a valentine tuff traN. red pla!- dough. made cards and created pasta bracelets. 4th March M'c got involvcd in World Book Wcck. All prdctitioncrs drcsscd in ihc thcmc of bugs with ihc rclatcd storics to tcll. Lots of children dressed up as their favourite characr. 10th March the children made Mother s DaN' cards or Someone sClaI cards. 17th March wc cclcbratcd St Patrick's Dai. for onc of thc childrcn at thc Prcschool whom is half Irish. Thc childrcn crcatcd flags, did stickry pictures and explored a green themed tuff tra).. On the 27th March the children enjoved Easter themed actiN'iiies from mak-ing comflak-e cak-es, decorating eggs, chick sticky picture& lutTirays. 28th March li'e had an Easter Path.. Mosi ofthe children donated an egg 10 rnffle and raised £60 for new resources. On the 28ih April li'e had our annual trip 10 Ihe farn) ai W&shbmoks. We hired a coach to get to and from the farn). This Mras a big SUCLe55 with lots of thc children cnjol'ing thc i'isiL -I'he 3id Mai. Ihe school lea*ers enjoi.ed a trip io ihe iheatre io enjo!" -"lThe "l iger -l-hai Came To lea production. 'lThe children cach had a goodic bag ii'ith trLats and things to tak-c homc. Thc prcschool hc[d onc of thc childrcn raisc tnonci. towards Thc Littlc Princcss Trust. Thc child had his hair choppcd off and raised £800.35 to go towards making iiigs for ihildren. 'I'he phoiographer came in on ihe 4th June to lake indii'idual and sibling phoios. On ihe 3rd June we weni for a naiure "alk to disco&'er signs of Summer. On ihe 15th June M'e created a displa). lor the up ¥md coming Euros Fooiball Games. The children Creed flags. On thc 16th Junc the childrcn tnadc Fathcr s DaTr' card5 or SotllCOllC 5prcial cards. The 15th Jul). 'aS our last da}, of the tertn. Th'¢ held a school Icavcrs pam. and graduation ccreTnon!. The children enjo>"'ed partv games, soft play and party food. page 2
WATER LILIES PRE-SCHOOL TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 Financial review During thc financial ycar thc charitv tnadc a surplus of £25.500 (2023.. £7.089). Thc charity. holds in rcscr¥'c funds to col'cr LItnditure for 3 monihs in thc casc of financial difficult).. This includcs outgoings for rent, staff salaries and p)ssible redundanc!, pal'menis. The curreni fund.£ aaIlable are oi'er 3 months expenditure. hoii'ever anN' additional fund uKd to iTnprovc th¢ cquiptncnt off¢r¢d at ihc nurscrn". -I'he charities main source of funding is via Ihe governmeni for 213 l.ear olds and 4 l'ear olds atiending preschool. In general thcsc funds arc uscd to covcr ihc running costs of thi nurscrn". thc largcst of ikhich is thc rcnt paid to Craii'lc). Council for thc use of the building. The trustees have a dury io ideniifv. and reN'ieH' the risks to ivhich the charits. is exposed and to ensure appropriate controls are in place lo pro*ide reasonable assurance againsi fraud and error_ Structure? governance and mattagement Thc charits. is controllLd bi. lis goi'crning docunKnL CharitablL IncorEK)rdtcd Organisation Constitution adoptrd I l Jul), 2017. The trustces ivho served during the vcar and up to the date ot signature of thc financial statements ivere.. L Mountain E Turner A Schofield Trusiees are apwinted or re-app)inted annuall). at the Annual General Meeting. Watcr Lilics Prc-school is a fricndl!,, non-profit Prc-school ba-d in thc small communitv of ificld Wcst in craleY. Opcn to all children from 2 - 4 Tr'ears. we provide a safe inieresiing and fun environmeni in M'hich Children plav. learn and gro. Fornially a part of the Willoii. Tree Pre-SCh)[s charits. group. founded in 1990. in 2017 the charit5, decided io split in to it's four scparatc settings. Th¢ Ificld Il'cst prc-school has been actii-c sincc 201 l. and is run bN" an cxpericnced group of Childcare Profcssionals. lcd b). our Managcr. Lcannc. H"ho is also a trustcc of thL chariTh'. 'I'he irusiees, report was appro.ed b). Ihe Board of-I"rustres. L Mountaln Trust E Turner Trustee Dat<= page 3
WATER LILIES PRE-SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATER LILIES PRE-SCHOOL I report lo the trustees on MN, examinaiion of the financial $thMentS of Waw l.ilies Pre-school (Ihe charity) for the j'ear cndcd 31 Jul). 2024. RespoM5ibilitie5 and basis of report As the irusieeq of Ihe charity )'ou are resp)nsible for the prepardtion of the financial statements in accordance .]lh the rcquiremcnt5 Ot the Charitics Act 2011 {thc 2011 Act}. I report in respect of mi. examination of ihe chari¢}" s financial sthtements carried oul under section 145 of the 201 l Act. In carTh'ing out m!. Lxamination I has'i folloii.cd all thL applicablc Dircctions giN'cn bi. the Chariti. Cotninission undcr section 145151{bl of ihe 2011 Act_ Independent examiner's statement Your attcntion is dra" to th¢ tact that the charit). has prepared financial 5tateTnents IT] accordanc¢ Accounting and Reponing b!, Charities preparing their accounts in accordance ii'ith the Financial Rep)rting Standard applicable in the IJK and Republic of Ireland IF'RS 102) in preference io ihe Accouniing and Reporting bv Charilies." Staieiiient or RLcotnmLndLd Practicc ISSULd on l April 200) which is rcfcrrL-d to in ihL ciL2ni rcgulations but has nom". bccn withdrawn. l undcrstand that this has ken donc in ordcr for financial 5talcmcTJts lo proi'ide a true and fair Vic.. in accordance '1th CJenerallJ Accepied Accounting Praciice effeciii'e for rerting periods ginning on or after l JanuaTr, 2015. I havc complctcd n)). cxamination. I confinn that no Inattcrs have comc to my attcntion in conncction with thc examination giving me Cause lo belie.¢ ihai in ani" material respe¢i- accounting rccords ii'crc not kcpt in r¥StKct of ihL cl)arits' as rcquircd b!- scction 130 of thc 2011 A. or the financial stalemenis do noi accord with ihose records- or thc financial statcments do not cotnpl!" ii.ith thc applicablc rcquircmcnts conccming thc fonn and contcnt of accounts set oui in the Charities (Accounts and Reports) Regulations 2008 oiher than ani, requirement thai the accounts give a truc and lair i'i¢ii' which is nol a mattcr con5idercd as part oran Indendent examination. I hdvc no LonLcrn5 dnd have cotnc aLf055 tio oth¢r mattcr5 in Lonncction ii'ith the ex1tiOn to ii".hich attention should draii'n in this rcport in ordLr to cnablc a prOr undcrstanding of thc financial staicincnts to bc rcachcd. Darren Harding A FCCA DChA Richard Place Dobson Sen'ices Limited 1-7 Station Road CraiN'le)' W¢st Su55ex RHIO IHT Datcd.. 2410112025 page 4
WATER LILIES PRE-SCHOOL STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUN[ FOR THE YE4R EIVDED 31 JUL Y2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and Icgacics Chaiiiable acti*iiies Invcstmcnls 145 144,859 63 105 108,770 19 Total income 14i.067 108,894 Expenditure on: Charitable activiiies 119,567 101,805 Total expenditllre 119,567 101,805 Net ineome and movement in funds 25,500 7,089 Reconciliation of funds: und balances at l August 2023 41,202 34,113 Fund balances at 31 July 2024 66,702 41.202 Thc stalcmcnt of. financial activitics includcs all gains and losscs rccogniscd in thc car. All incomc and cxpcndilurc dcrivc from continuing activiiies. page 5
WATER LILIES PRE-SCHOOL BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes Current assets l)ebtors Cash at bank and in hand 491 88.422 469 62,711 88.913 63.180 Creditors: 3imounts falling due within one year 12 (22.211) {21.978) Iyet current a55ets 66.702 41,202 Iyet a55ets 66.702 41,202 The fund5 of the charity Unresiriiled funds 66.702 41.202 66.702 41.202 The fillanciai slal¢mrn 0910112025 ere approved by the tNsiees on......................... L Mountain Trustee E Turner Trustee page 6
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYrs FOR THE YEAR ENDED 31 JUL Y2024 Accounting polieies Charity information Watcr Lilics Prc-school is a Charitablc Incor)rated Organisation. 1.1 AccoUting convention The financial siatements have been prepared in accordanee ii'ith the charitill's consitituiion. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in th¢ UK and Republic of Ircland-" {-'FRS 102-"1 and the Cliaritics SORP "Accounting and Rcwrting b). Cl)aritics.' StaiciiiLnt of RccomiiiLndcd Praciicc applicablc to charitics prcparing their accounts in ac¢ordanie M'ith ihe F inancial Reporting Siandard applicable in the UK and Republic of Ireland (F'RS 1021" Icftcctivc l Janua. 2019). Thc chariti." 15 a Public Bcncfit Entits" as dctincd b). FRS 102. The charity tak"¢n advantagc of th¢ proi"isions in th¢ SORP for charitics not to prepare a Stat¢inent of Cash Flows. The financial statements hai'e departed from ihe Charilies {Accounts and RewrLS) Regulations 2008 onlN lo the extent rcquirLd to providL a truc and fair Tr'iLlV. This dLparturL has ini'olvcd folloii"in2 thc StatcinLnt of Rccointncndcd Practicc ror charities appljing F'RS 102 rather than ihe "erSiOrt ofihe Sthtemen¢ of Recommended l)raciice M.hiLh is referred lo in the Regulation5 but which ha5 sincc been withdramm. The financial statcmcnts arc prepad in sterling. i%hich 15 the functional currcncN" of the charity.. MonetaTh' atnounts i thcsc financial statcmcnts arc roundcd to thc ncarcst £. The registercd ollicc is 9 Cook Wa}.. Broadbridge Hcath. Horshatn: West Sus5cx. RH12 3US. The operation addrcss of th¢ charity" is Ificld IA¢5t Communitr Ccntrc. Dobbin5 Placc, Ificld West. Crawlev. Wcst Susscx RHII OPL. Thc financial statctncnts havc bccn prcparcd undcr the historical cost convcntion. Thc principal accounting >11CleS adopted are qei out beloii.. 1.2 Going eoneern At ihc timc of approving the financial 5tatetn¢nts. the trustccs hai"c a reasonable ¢xp¢ctation that the charits." has adcquate resoiirces to continue in operational exisienLe lor the foreseeable fuiure. Thus the trustees coniinue to adopt the going concem basis of accounting in preparing the flnancial sthtements_ 1.3 Charitable funds Unresiriiled funds are available for use at ihe discreiion ofthe trus5 in funherance ofiheir charitable objectives. 1.4 Income All income is recognised in the slement of Financial Acti¥ilies once Ihe ¢haril!. has enliilemenl lo the funds. il is probable that the income ivill be received and the amount can be measured rcliablN. The main sourc¢ of incomc is funding via a govcrnTncnt granL thcsc fund5" are rcccived in advance and allocatcd to the pcriod to w.hich thcy rifcr and arc dLfcrrcd m.hcrc rcquircd if thL funding rclatcd to thc rIOd aftcr thc financial ear. 1.5 Expenditure ExpLndittirc is rccogniscd oncL thifL is a ILgal or constructi&c oblieation to transfcr uconomic bcncfit to a third path-, it is probable that a iransfer of economi¢ kn¢filS i%"ill k required in seiilemenL and the amount or the obligalion can be mca5urcd rcliably. The irusiees have identilied one charithble actiYilTr" ii.hich is the running of the pre-school, all direct Losts are associaled to this activity- Anv costs that arL not dircctl!" attributLd arc assigncd as supwrt costs undcr thc activits.. page 7
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYfs (CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 Accounting policies (Continued) 1.6 Cash and cash equivalents Cash and caih equiN'alen15 include cash in hand. deposits held ai call wilh banks. c)Iher shon_iern) liquid inve%tmenls with original tnaturitics of thrcc months or Icss. and bank" oi'crdrafts. Bank ovcrdrdfts arc shoM"n i%"ithin borroiiings in currcnt 1.7 Finaneigl instruments Thc Lharitw ha5 clcctcd to appl!. thc proi-isions of Scction I l -Basic Financial Instrum¢nts- and Section 12 -Othcr Financial Insirumcnts Issucs of FRS 102 to all of its financial instrutncnts. Financial instrumcnts arc rccogniscd in the charity 5 balancc shcct iTrhcn thc charity COmeS party to thc contractual provisions of the instrument. Financial asscts and liabilitics arc offsct. M-ith thc nct amounts prcscntcd in the financial statcmcnts. M.-hcn thcrc is a legall). enfi)rc¢able right io sei off Ihe recognised amoun and ihere Is an in¢eniion lo seiile on a net basis or lo realise ihe assct and scttlc thc liability simultancousl)". 1.8 Taxatio The chariN' is exempi from tax on its charitable aciivities 1.9 Employee benefits Th¢ ChLty. 0rat¢S a dctincd conlribulion 510 5chcmc. Contribution5 pal'ablc to the charity"'s pension sLhctnc are chargcd to thc Statcincni of Financial Actii'itics in thc pcriod to M,hich thc!T rclatc. The costs of short-terni etnployec bcncfils arc rccogniscd as a liabilits. and an expense. The cost ot.any unuscd holidaTr" cnlitlcmcnt is rccogni5cd in thc riOd in ii.hich the cmplo>¢c's 5crvices arc reccived Critical aecounting estimates and judgements In the appliLation of the Lhaiil}" s ac¢oun¢ing wlicies. Ihe truse5 are qUired io make judgemenlq. eslimales and assumptions about the carrn'ing amount of assets and liabilitics that are not readily apparent froin other sources. The eslimaies and associated assumptions are based on hisioricai experience and other factors that are considered to be relevant. Aciual results ma}. differ Irom these esliMaS. The estimates and underlying assumptions are VIcl"ed on an ongoing basis. Revisions to accounting esiimales are recognised in the period in "hICh the e5timatc is rcN'iscd m.hcre the rewision aftects only that period. or in the pKriod of the rei'ision and future periods ii'here the rei'ision affeas l)oth current and future periods. Thcrc ii'crc no k-cy judgmcnts or accounting cstimates during thc financial N'car. Income from donations and legacies Unre51ricted funds 2024 Unrestricted fllnds 2023 Donations and gifts 145 105 page 8
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYfs (CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 Income from eharitable activities Unrestricted funds 2024 Unrestricted funds 2023 Prewschool Nursern. fees Goi'crntllcnt grants 10,989 133.870 11.106 97,664 144.8)9 108,770 Incorne from investments Unrestricted Unrestricted fllnds fllnds 2024 2023 Intcrcst rcccivablc 63 19 Expenditure on charitable activities Pre-school 2024 Pre-sehool 2023 Direct costs Staff costs Rent Sundries 96.672 13.444 78,925 14,988 424 647 778 815 1.310 471 570 818 Repairs & Maintenance Equiptnent Unifonn Training Outings .038 190 190 595 114,878 96,997 Share of support and goi'ernance costs (see note 7) Support GoTr'crnance 2.889 .800 2.671 2,137 119.i67 101,805 Analysis by fund Unrestricted funds 119.567 101,805 page 9
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYfs (CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 Support costs Support Costs Governance ¢o$ts 2024 Support costs Govcrnance cos 2023 Telcphone Computer cOS Subscriptions Travel and accomodation Staft cntertaintn¢nt & gift5 Office supplies In5uratice 340 127 691 12 688 316 715 340 127 691 12 688 316 71) 241 562 311 241 562 311 675 186 690 675 186 690 Indcpendcnt Examination fccs l.egal and professional 1.800 1.800 2.010 127 2,010 127 2.889 1.800 4.689 2,671 2,137 4.808 AnalN sed beli%'een Charitablc activitics 2.889 1.800 4.689 2.671 2.137 4,808 Net movement in funds 2024 2023 The net movement in fi]nds is sthted after chargingllcrediiing)= Fees pa)'able for the independent examination of the chariti s financial staiements 1,800 2,010 Trustees One of ihe tiusiees l.eanne Mounthin is also ih¢ l)ie_school manager. She received ioial benefils of £33,379 for her role as the tnanag¢r but is not inTr'olved in anv disCUSsion5 surrounding her salary 10 Employee5 The average monthly ftumber of emplol'ees during ihe )'ear M"as: 2024 Number 2023 Number Full time Part timc Total page 10
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYfs (CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 10 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security. costs Other pension costs 89.475 5,616 ,581 72,232 5,242 ,451 96.672 78,925 Thcrc wcre no ¢tnploTr'cc5 whosc annual rcTnun¢ration li.as tnorc than £60.000. Remuneration of key management personnel Thc rcmuncration of kcv managcmcni rSOnncl was as follows.. 2024 2023 Aggrcgatc CoMn5ation 57,255 52,945 Debtors 2024 2023 Amounts falling due within one year: Prepa)'ments 491 469 12 Creditors: amounts falling due within one year 2024 2023 Iyotes Oiher t&Yation and social securit) Government grants Other creditors Accruals and defcrred illCOTllC 1,082 17.200 314 3.615 2,615 15,297 13 4,066 22.211 21,978 13 Government grants Defcrred incomc 15 included in thc financial statcmcnts a5 folloii"s= 2024 2023 Deferred income is included w'iihin: CurrLnt liabilitlLS 17.200 15,297 Movcmcnts in thL Tr'Lar'. pagell
WATER LILIES PRE-SCHOOL NOTES TO THE FtNANCtAL STATEMEiYfs (CONTINUED} FOR THE YEAR ENDED 31 JUL Y2024 13 Government grants (Continued) Dcfcrrcd incomc at l August 2023 Released from previous periods RcsourcLs dLfLrrcd in th¥ I'car 15.297 {15.2971 17.200 11,763 {11.7631 15,297 Dcfcrrcd incomc ai 31 Juli. 2024 17.200 15,297 14 Retirement benefit schenbes 2024 2023 Defined contribution schemes Charge lo profil or loss in res¢1 of defined coniribulion schemes 1.581 .451 Thc charits. opcrdtcs a dcfincd contribution pcnsion schcmc for all qualifi'ittg cmploi'ccs. Thc asscts of thc schcmc arc held separatel). from those of the charith. in an independenil). admini.qiered fund. IS Unrestricted funds Thc unrcstrictcd funds of the chariti- cotnprisc thc uncipcndcd balanccs of donations and grants h]ch arc not subjcct to s¢if1¢ condilions bN. donors and granwts as lo how" Ihe!" ma! k used_ "lthese include designaied funds M,hich ha¢ been sct asidc out of unrcstrictcd funds bv thc trustccs for spccific purEM)SCS. At l August 2023 Incoming resourees Resources At 31 July 2024 expended General funds 41.202 145.067 {119.567) 66.702 Previous year: At l August 2022 Incoming resollrees Resources At 31 July 2023 expended General funds 34.113 108.894 (101.80)) 41,202 16 Related party transacti0115 There M'ere no disclosable relaled partv Iransaciions during ihe vear (2023 - none). page 12