Charity number: 1177677
BUSY OTTERS PRESCHOOL
ANNUAL REPORT AND RECEIPT AND PAYMENT ACCOUNTS
YEAR ENDED 31 JULY 2024
BUSY OTTERS PRESCHOOL
CONTENTS FOR THE YEAR ENDED 31 JULY 2024
| Page | ||
|---|---|---|
| Reference and administrative details | 1 | |
| Trustees' report | 2 | - 3 |
| Independent examiner's report | 4 | |
| Receipt and payments | 5 | |
| Statement of assets and liabilities | 6 |
BUSY OTTERS PRESCHOOL
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2024
Trustees
C West (Chair of Trustees) R Murdoch A Shaw (resigned 03 October 2024) S Burrows (appointed 01 April 2024) E Savage (appointed 01 April 2024) K Harland-Moore R Feeney
Charity registered number
1177677
Principal office
Busy Otters Preschool Longdogs Lane Ottery St.Mary Devon EX11 1HY
Accountants
Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ
Page 1
BUSY OTTERS PRESCHOOL
TRUSTEES REPORT FOR THE YEAR ENDED 31 JULY 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
Busy Otters Preschool is a charitable incorporated organisation governed by its constitution dated 23 March 2018.
Method of appointment or election of trustees
The trustees have the power to appoint new trustees and in the event of a new appointment, appropriate training and induction procedures are arranged. Appointments are completed at the annual general meeting.
OBJECTIVES AND ACTIVITIES
The charity’s key objectives are the development and education of children between the ages of 2- 4.
This is achieved by promoting their care and safety, supporting their education, and encouraging parental involvement.
Additionally, their health and wellbeing are also given importance, and services are provided to support them, their families, and carers.
ACHIEVEMENTS AND PERFORMANCE
During the year, the charity continued to provide education for children below compulsory school age. The preschool registers were full for a 3rd year in a row, with a waiting list for available spaces maintained.
The charity continued to support children from a wide range of backgrounds and provided additional support where needed.
The charity continued making improvements to the preschool and supporting the staff in providing an excellent environment for the children who attend the setting.
The charity undertook a number of bake sales and other fund raising events. All events received great feedback from the wider public and raised important funds for the charity to continue improving the services it offers.
Page 2
BUSY OTTERS PRESCHOOL
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2024
FINANCIAL REVIEW
During the year, the charity received total income of £140,985 and had total costs of £172,296 giving a deficit of £31,311. The charity has healthy reserves and is therefore a going concern.
Reserves policy
The Charity has estimated that, in the event of a closure, the necessary redundancy and unavoidable expenses would equate to approximately £44,000 which forms the Charity’s reserves policy. As at 31 July 2024, the Charity held total cash funds of £82,367 and therefore has sufficient reserves to satisfy its ongoing obligations.
The report was approved by the trustees on 23/04/2025 and signed on its behalf by:
C West
Chair of Trustees
Page 3
BUSY OTTERS PRESCHOOL
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY OTTERS PRESCHOOL.
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 July 2024 which are set out on pages 5 and 6.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under scetion 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records ; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 24/4/25
Laura Waycott FCA Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ
Page 4
BUSY OTTERS PRESCHOOL
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 JULY 2024
| Receipts Fees- Parent and Council Fundrasing Interest Grant TOTAL RECEIPTS Payments Wages Consumables Rent & Rates Insurance Book-keeping, phone, stationery and other Staff traning Small equipment Electricity Water Repairs and maintenance TOTAL PAYMENTS SURPLUS/(DEFICIT) FOR THE YEAR |
Unrestricted funds 2024 £ 134,665 4,616 1,704 - 140,985 127,090 18,125 4,894 1,073 9,701 1,072 1,266 4,326 753 3,996 172,296 31,311 - |
Restricted funds 2024 £ - - - - - - - - - - - - - - - - - |
Total funds 2024 £ Total funds 2023 £ 134,665 148,298 4,616 3,148 1,704 783 - 500 140,985 152,729 127,090 112,110 18,125 10,099 4,894 3,936 1,073 1,024 9,701 5,986 1,072 827 1,266 8,559 4,326 3,999 753 888 3,996 4,243 172,296 151,671 31,311 - 1,058 |
|---|---|---|---|
Page 5
BUSY OTTERS PRESCHOOL
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 JULY 2024
| Cash funds Bank Current account Bank Deposit account Bank Reserve account Bank Fundrasing account Cash in hand TOTAL ASSETS |
Unrestricted funds 2024 £ 31,110 32,888 18,286 6 77 82,367 |
Restricted funds 2024 £ - - - - - - |
Total funds 2024 £ 31,110 32,888 18,286 6 77 82,367 |
Total funds 2023 £ 44,557 51,689 14,906 2,526 - |
|---|---|---|---|---|
| 113,678 |
The accounts were approved by the Trustees on and signed on their 23/04/2025 behalf by:
C West Chair of Trustees
Page 6