DISLEY UNDER FIVES PRESCHOOL TREASURERS REPORT with FINANCIAL sfATEMENTS AND NOTES 12 MONTH PERIOD ENDED 31 ocf08ER 2024 l attach the accounts with this report regarding the financial performance and position of Disley Under Fives for the period stated above. As the committee of trustees of the charity considers thi5 report, I would like to remind the committee of our obligations, the appropriate financial reporting framework and any requirements for independent review or audit. Applicable framework and reqU1￿meThts All charities are required to prepare accounts and. in the case of registered charities, file accounts per the required accounting framework with the trustees. annual report and an annual return. For a Charitable Incorporated Organisation {CIOI such as Disley Under Fives, note that it is a charity registered as a body corporate under Part 11 of the Charitie5 Att 2011. While a body corporate under thi5 legislation, it is not a charitable company. which means a company formed and regISte￿d with Companies House under the Companies Act 21J)6 and which is established for exclusively charitable purposes. This distinction is important for the relevant and appropriate accounting framework. CIOS may opt to prepare their accounts on a receipts and payments basis if their gross income is less than £250,000. Otherwise, the accounts are prepared on an accruals basis. in accordance with The Charities IAccounts and Reports) Regulations 2CO8 and The Statement of Recommended Practice- Accounting and Reporting by Charities. issued in March 2LK)51"SORP"}- For the purposes of the accounts for this period. I retommend that Disley Under Fives continues to report on a receipts and payments basis of accounting (cash accountingl for this period. as the gross income remains less than £250.1XMJ per annum- this would also be a continuation in accounting policy from the previous period. The committee should note that this needs to be monitored. for if this threshold is exceeded. the accounts for the CIO will need to be prepared on an accruals basis in accordance with the 2008 Regulations and SORP as mentioned above. The committee should also note these accounts, owing to the gr0$5 income being more than £25,OIX) In the period relevant for the CIO, require an independent review. We have engaged A. Allen & Son Ltd, a firm of Chartered Accountants and Statutory Auditors, to conduct an independent review. The independent examinerfs report is enclosed, as addressed to the trustees. I recommend that Disle Under Fives with the a roval of the tornmittee of trustees and on the basis of no material concerns b the inde endent examiner file the attached accounts and re ort with the Chari Commission accom an in the re uired Annual Return for the eriod. Income Fee income was circa 13% higher than the previous year land more reflective of the year ended 31 October 20221. due to a rebound in children attending the setting and an increase in funding from Cheshire East Council. offset by a smaller decrease in funding from additional hours paid by parent5 and guardians. Overall, the settings underlying income base remains dominated by funding from public sources Icheshire East Council). increasing to 76% of total income {66% in the prior yearl- Expenses The setting has seen an increase in staffing costs as staff hours have increased to accommodate the additional numbers of children. but also as wages have risen with increases in the National Lrving Wage. Staffing costs remain in line with year ended 31 October 2022 though. Rent costs fell in the period as C£1,5￿ was paid ahead of time in late FY2023. General expenses increased from the prior year lup c£6,47SI as the setting invested in new activities le.g. Makatonl, replaced certain items for the setting {but not renovationl, but also required more funding for recruitment fees and additional day-to-day supplies with the higher number of children attending. Overall, the setting tontinued to resw)nd to the changing numbers of children attending the setting, but retained cost discipline. resulting in a net surplus for the period. Net surplusldeficÉt Disley Under Fives generated a net surplijslprofit of £6,441 in the current period. The previous 12 months to 31 October 2023 resulted in a net deficitlloss of £5.248. Cash at bank During thi5 period. Disley Under Fives continued to operate its banking facilities with CAF Bank. The cash balance reported on 31 October 2024 was £76.359. compared to that on 31 October 2023 of £69,918. Note that the charity has no overdraft, prepaid cards or other debt facility. Capital reseThes Reflecting the transactions above. Disley Under Fkves. capital reserves decreased from £69,918 as of 31 October 2023 to £76,359 as of 31 October 2024. ststement These annual accounts for the CIO of Disley Under Fives are to my belief. a true and fair reflettion of the preschool funds for the 12-month period to 31 October 2024. Philip Robinson Treasurer 27 August 2025 Enc Appendix l- Receipts and payments account for Disiey Under Fives ICIOI to 31 October 2024 Appendix 2- Independent exarninerfs report to the trustees of Disley Under FÉves for the period to 31 October 2024 Appendix I: (HARITY COMMISSION FOR ENOIANO AI40 VIAIE5 tl* FTh 117S179 Receipts and payments accounts CC16a Forthe porfod from 01-NTr23 31-Cr>24 To Section A Receipts and payments Unrestricto funds Rastricled fvnds Endowment funds Tot•1 lund8 L•8t year Al Re¢0[ £17W&91 107J10 Éijss EOD) Sub total(Gmss income fwAR) A2 A88et and inv*¥tynentMlè8, (lee table 125140 Su) total 12&2 A3Pa ments th)Jto.¥ 97J2J $10 616 ¢10J20.19 415J CWes £176014 Sub total A4 Asset and Inv¢¥tm•Dt purchasex. see tsblo Sub tolal 111047 Net oIrt¢eip￿(pa￿tsj AS TThnsfgrs befy¥een lunds A6 cash lund8 lait yèar end C•th funds thls ￿ren￿ ¢441 69.￿fj 69,918 75.166 69.918 Section B Statement of assets and liabilities at the end of the period Unr•strf¢t•d funds Rostrktsd funds tvnparMi£ Endowment lunds Catègorfos Detal 81 Cash funds Total rash lunds Unr•8trf¢ièd funds Rottrlct¢d nds Endowmènt lunds n••t•st£ Oetal B2 Other nTh)netsry assets o•tlt)O*JM Culr•nl ¥￿￿• Detsit5 B3 knv•stThnt aH•ts Curr•N Yilu• Detaits T•to• C¢)Stl¢)thID B4 *3sets retsined for th• charity's own use Qu• Details t•$ BS LkqbNitig9 teJ)aYdal Prw)tN8rr Date of rovaT Appendix 2: A.ALLEN & SON CHARTERED ACCOUNTANTS TOT JKdrt 15 rdr