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2024-07-31-accounts

RIVERSIDE PRE-SCHOOL CIO

REGISTERED CHARITY NUMBER 1178444

FINANCIAL STATEMENTS

31 JULY 2024

RIVERSIDE PRE-SCHOOL CIO

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2024

Contents Page
Trustees Annual Report
Reference and Administration Information 1
Structure, Governance and Management 2
Objectives and Activities 3-4
Achievements and Performance 5-6
Financial Review 7-9
Statement of Committee Members and Trustees Responsibilities 9
Report of The Independent Examiner 10
Statement of Financial Activities 11
Charity Balance Sheet 12
Notes to the Accounts 13-18

1

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

REFERENCE AND ADMINISTRATIVE INFORMATION Introduction

The accounts for Riverside Pre-School CIO are presented for the financial year ended 31 July 2024. The financial statements have been prepared in accordance with the "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Riverside Pre-school CIO is a charity registered with the Charity Commission (reference no. 1178444).

Address and principal office of the school

Riverside Pre-school CIO Manor Farm Road Bitterne Park Southampton SO18 1NX

The Committee and Trustees of the Charity

Rachel McNicol – Chair Rebecca Reeves – Treasurer Michele Stride Joseph Hadfield Rachel Gregory Mercedes Cartwright – resigned 21/11/2023 Jennifer Swan Tessa Deans Laura Fry Hannah Joyce – resigned 21/11/2023 Madaleine Richardson-Walters – appointed 18/04/2024 Miranda Poore – appointed 27/02/2024

Independent Examiners

Azets Secure House Lulworth Close Chandlers Ford Southampton Hampshire SO53 3TL

2

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Background Information

Riverside Pre-School CIO is a non-profit making registered charity governed under its constitution dated 10[th] July 2019 which establishes the pre-school as a body in membership of the Early Years Alliance. As stated in this constitution, the overall management and control of the pre-school will rest with the individual members of the pre-school’s Management Committee (the Committee). As well as being responsible for the management of the pre-school, the Committee members are also the charity trustees of the pre-school.

Policy for Recruitment and Appointment of New Trustees

New Trustees are elected or re-elected at the Annual General Meeting held each year. The minimum number of trustees shall be no less than 3 and no more than 12 altogether. To encourage parental involvement, at least two thirds of the charity trustees shall normally at the time of election be family members. In the event that this figure cannot be achieved however, the CIO may elect affiliate members to make up the balance of the charity trustees.

Disclosure and Barring Service (DBS) checks are carried out on all committee members and are updated in line with statutory requirements. Each member has an information guide and a designated role booklet and signs this to agree to abide by the code of practice and confidentiality.

Relationships with Related Parties

All trustees give their time voluntarily and receive no remuneration or other benefits from the school. They are reimbursed for any expenses they incur while carrying out duties furthering the aims of the Pre-School . There are no related parties as defined by Financial Reporting Standard 8 ‘Related Party Disclosures’.

Governance

Arrangements for setting pay and remuneration of key management personnel and any benchmarks, parameters or criteria used.

Risk Review

The trustees have assessed all major risks which have been reviewed and systems or procedures have been established to manage those risks.

3

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

OBJECTIVES AND ACTIVITIES

In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of Early Years through:

a) Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children.

b) Encouraging the study of the needs of such children and their families and promoting public interest in, and recognition of, such needs in the local areas.

c) Instigating and adhering to and furthering the aims and objectives of the Early Years Alliance.

Activities undertaken for the public benefit

At Riverside Pre-school CIO we believe in the concept of lifelong learning and that both adults and children learn things every day. We maintain that learning should be a rewarding and enjoyable experience for everyone and most importantly it should be fun, helping us to give children secure foundations on which future learning can be built upon.

We use the Statutory Framework for the Early Years Foundation Stage (EYFS: Department of Education, September 2024), which outlines the learning and development, assessment, safeguarding and welfare requirements for children from birth to five.

This framework is supported by non-statutory guidance – Early Years Outcomes in the EYFS and a Know How guide: the EYFS progress check at two. Early Years Outcomes demonstrates how the four themes of the EYFS framework, and the principles which inform them, work together to support babies and children. With the new Framework the observation checkpoints can help the practitioner to notice more when a child is falling behind and offer strategies or help for the child, especially disadvantaged children, spending more time with the children through play and learning and less on unnecessary paperwork.

For the year 2023-24 we continued with our cultural celebrations including Diwali, Christmas, Chinese New Year and Ramadan. Each year we like to look at our families’ cultures to see if there is anything they would like us to celebrate as part of their culture. We also participate in World Book Day where children and adults can dress up as a character from a book. Our lady’s day and big boys’ day have been very popular where we welcome parents or close family/friends to come and play with their child. We also enjoyed Family week, for those families with younger children, providing a chance to introduce pre-school to the next intake.

We continue to have strong relationships with the local community using the local Bitterne Park Stores for fruit and vegetables and our visits to Speedwell Court Residential Care Home, and although we no longer run a setting at St Denys, we hold most of our community events from the Church Centre. We also have great connections to The Church of Ascension, visiting at Christmas, Easter and over the summer term. All children are welcomed at Riverside regardless of personal background, faith or gender.

Investment Policy

Any surplus funds which are not likely to be needed for activities are placed on deposit to earn interest.

4

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

Volunteer contributions

We have had 1 volunteer that was also with us last year as well due to her continuation with her college course to gain a Level 3 in childcare.

No parental volunteers this year.

5

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

ACHIEVEMENTS AND PERFORMANCE

2023-24:

Autumn Term –

All children and staff settled in well from September 2023. Arrivals and departures ran smoothly.

The first main event of the year is the Macmillan coffee morning and Hallett photography session. This year we saw previous parents/children as well as the existing children and along with some of our future children that will be attending next year. All supported the cause, and most families also had a photo taken which is one of our fundraising events.

Local church visits and performances of nativity plays by the children had been a huge success and most of our families were there to watch the children perform.

The staff this year had rehearsed their lines for the Gingerbread Man pantomime which the children loved and joined in with.

The children sang lots of their favorite songs during their graduations, which were buzzing with proud parents and relatives.

We are proud to say we were awarded Silver (Healthy Early Years Award) HEYA award for Healthy eating and Bronze HEYA for Staff and Children Wellbeing. We are just about to submit Physical HEYA and hope to be awarded that imminently.

This year we decided not to run a Fun day, due to a lack of helpers at the last event. Instead, we reformed a Riverside events group who came up with other smaller fundraising events throughout the year. These included a sponsored find an Easter egg coffee morning with activity stalls alongside tea and coffee available, it was displayed around the community and was well attended. In the Summer Term we sold tea towels, had a leaver’s disco and held a stall at the local Trifest festival held in Riverside Park. Spring term we continued to sell our ever-popular tomato, cucumber and pepper plants, thanks to our lovely volunteer who is over 90! But is a huge supporter of the preschool.

Staff wellbeing sessions have continually run in the setting which seems to help with the mental wellbeing overall of the team. We will continue to support our staff at Riverside. We only had 1 member of staff leave this year, so the team seem to be settled, which is good.

3 of our staff completed the Early Years Professional Development Program, which has proven to be inspirational. They cascaded their learning to the whole staff team thus ensuring a longer term and fuller impact on our pedagogy. One of our staff completed their level 3 diploma, one completed their level 4 and an Assistant lead completed her Level 5.

6

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

Future Plans 2024-25

Next year’s focus will be staff wellbeing.

Health and Mental Wellbeing - We have put in place an employee assistance program called Wisdom, which covers health and mental wellbeing. Staff can access this both for themselves and for their families via an app.

We also continue our well-being sessions that staff can have with the lead practitioner for extra support.

Training - The year 2023-24 saw 2 apprentices embark on their journey to gain a level 2 in childcare which should be completed in 2024-25. We also have staff embarking on Levels 5 and 6 in the year 2024-25.

Carried forward from last year’s long-term goals – to replace the roof in our outdoor classroom we call the cave.

7

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

FINANCIAL REVIEW

Results for the Year ended 31 July 2024

Statement of Financial Activities

Total incoming resources for the Pre-School in 2023-24 amounted to £537,179 (2022-23: £475,286 ). The principal funding source of the Pre-School is Grant funding received from Southampton City Council. In 2023-24 this was £383,780 (2022-23 £356,434 ). Total resources expended amounted to £527,284 (2022-23 £500,300 ) and the net movement in funds for the year showed an increase of £9,895 (2022-23 ( £25,014 ). The surplus this year will be used to upgrade some of the wooden units in the garden at Bitterne Park.

Balance Sheet

The Pre-School’s net assets as of 31 July 2024 amounted to £310,982 (31 July 2023 £301,087 ).

Resources Expended

The Pre-school’s main cost is staff wages, and this is paid equally over twelve calendar months. The Pre-School’s main income is received from the Nursery Education Grant and this is received monthly.

Given that cash flow management is so important, the Pre-School has reviewed several financial policies throughout 2023-24 and will continue to do so in 2024-25. These reviews combined with regular financial reporting to the Pre-School committee and an independent financial review at the end of the financial year will ensure there is an appropriate level of control over finances and finance related issues.

No significant expenditure is expected in 2024-25.

Policy on reserves

The end of year balance for monies held in deposit accounts was £281,299 (2023: £272,061 ). This represents the Pre-School’s liquid reserves. The balance sheet shows total unrestricted funds equal to net assets of £310,982 (31 July 2023 £301,087 ).

Riverside Pre-school CIO trustees aim to hold sufficient financial reserves to sustain the pre-school if income falls below expected levels. Our intention would be to continue functioning as a pre-school and, in the unlikely event that the Pre-school would need to close, cover the payment of staff redundancies.

The trustees periodically review the annual balance sheet in order to identify restricted and endowment funds, ensure all designated funds have been included and can be justified, and identify any assets that cannot readily be converted into cash. They will look at all existing funding, assess the likelihood of existing funding continuing, consider risk factors, such as reliance on one particular income stream, look at the risk profile of future income streams and consider how committed expenditure will be covered if there is little reliable income.

8

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

It is the policy of the trustees to maintain reserves sufficient to cover the following items as permitted by the Charity Commission:

Business risk review procedure

The Committee of Riverside Pre-school CIO has overall responsibility for ensuring that the organisation has appropriate control systems. The Committee, through its trustees and staff, are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation. The Committee is also responsible for safeguarding the assets of the organisation and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Committee also take necessary steps to ensure that the organisation is:

9

RIVERSIDE PRE-SCHOOL CIO

TRUSTEES ANNUAL REPORT

YEAR ENDED 31[st] JULY 2024

The Committee, through its officers, undertake a review of risks (both financial and operational) to the organisation on an annual basis and add items to the review during the course of each year. The review will identify risks, the level of risk (high/low probability, high/low impact), put in place procedures to control the risk and how the risk control procedure is monitored as well as the frequency of the monitoring. Identification of high probability/high impact risks will signal the need for immediate action by the committee.

We do not anticipate any significant variations to Resources Expended or Incoming Resources in the 2023-24 financial year, the pre-school’s reserves will be maintained at the current level in 2023-24.

STATEMENT OF THE COMMITTEE MEMBERS AND TRUSTEES RESPONSIBILITIES

The Committee is required to prepare financial statements for each financial year which give a true and fair view of Riverside Pre-School CIO financial activities and of its financial position at the end of the year.

In preparing financial statements, giving a true and fair view, the Committee is required to:

Observe the accounts direction issued by the Secretary of State in compliance with Charity Law, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis.

Make judgements and estimates that are reasonable and prudent.

State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.

Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in operation.

Under law applicable to charities in England and Wales, the Committee is responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity, and which enable the Committee to ensure that the financial statements comply with the applicable law. The Committee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as the Committee is aware, there is no relevant financial information of which the Pre-School’s Independent examiners are unaware. Furthermore, the Treasurer has taken all the steps that she ought to have taken to make herself aware of any relevant information and to establish that the PreSchool’s independent examiners are aware of that information.

MRS REBECCA REEVES TREASURER, ON BEHALF OF THE COMMITTEE Riverside Pre-School CIO Date:

10

RIVERSIDE PRE-SCHOOL CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERSIDE PRE-SCHOOL CIO

FOR THE YEAR ENDED 31 JULY 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2024 which are set out on pages 11 to 18.

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 section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Jon Noble FCCA Azets Audit Services Lulworth Close Chandlers Ford Southampton Hampshire SO53 3TL

Date: .....................................................

11

RIVERSIDE PRE-SCHOOL CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2024

Note
Incoming resources
Grants for services
Fundraising activities
Charitable activities - parents fees
3
Other income
Interest received
Total incoming resources
Resources expended
Wages & staff costs
4
Costs of fundraising
Direct charitable expenditure
4
Administrative expenses
4
Depreciation
Total resources expended
Net incoming/(outgoing) resources for the year
Total funds brought forward
Total funds carried forward
All funds are unrestricted		 Total
2024
£
383,780
4,029
131,879
8,253
9,238
537,179
477,008
-
25,622
22,566
2,088
527,284
9,895
301,087
310,982		 Total
2023
£
356,434
8,043
82,974
23,623
4,212
475,286
449,074
567
29,625
17,059
3,975
500,300
(25,014)
326,101
301,087

None of the School's activities were acquired or discontinued during the year. All of the School's recognised gains and losses for the year are included above.

The notes on pages 13 to 18 form a fundamental part of these financial statements

12

RIVERSIDE PRE-SCHOOL CIO

BALANCE SHEET

AS AT 31 JULY 2024

Note
Fixed assets
Tangible
7
Current assets
Short term investments (bank deposit)
Debtors
8
Cash at bank and in hand
Current liabilities
Creditors falling due within one year
9
Net current assets
Net assets
Funds
Unrestricted funds		 £
£
4,480
2,768
312,067
314,835
(8,333)
306,502
310,982
310,982
310,982
2024		 £
£
2,779
-
2,512
305,504
308,016
(9,708)
298,308
301,087
301,087
301,087
2023

The Trustees have acknowledged their responsibilities for preparing accounts which give a true and fair view of the charity's activities for the year then ended in accordance with applicable accounting standards and the Charities Statement of Recommended Practice (FRS102).

The Financial Statements were approved by the committee on.....................and signed on their behalf by:

Mrs Rebecca Reeves Treasurer, on behalf of The committee Riverside Pre-School CIO Registered charity No 1178444

The notes on pages 13 to 18 form a fundemental part of these financial statements.

13

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2024

1 General information

Riverside Pre-School is a non-profit making registered charity governed under its constitution and is registered with the Charities Commission in England and Wales. The address of its registered office is: Riverside Pre-School, Manor Farm Road, Bitterne Park, Southampton, SO18 1NX.

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments shown at market value) in accordance with:

The Trustees believe the charity is a going concern and the accounts have been prepared on this basis.

2 Accounting policies

The following list of accounting policies have been applied by the charity

INCOMING RESOURCES

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising) the incoming resources and related expenditure are reported gross in the SoFA.

Grants and donations

These are only included in the SoFA when the charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts

These are included in the SoFA when the charity has unconditional entitlement to the resources.

Contractual income and performance related grants

These are only included in the SoFA once the related goods or services have been delivered.

Gifts in kind

These are accounted for at a reasonable estimate of their value to the charity or the actual amount realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

14

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 JULY 2024

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measureable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Deferred income

This represents amounts received for future periods and is released to incoming resources in the period for which it has been received.

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output.

Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in control of the charity.

Pension costs

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

The charge for the year represents contributions payable in the year to defined contribution schemes.

15

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 JULY 2024

ASSETS

Tangible assets for use by the charity

Items are capitalised if they can be used for more than one year and cost at least £500.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful life as follows:

Asset class Depreciation method and rate Fixtures, fittings & equipment 20% straight line

Investments

Those investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at the trustees' best estimate of the market value.

Restricted and unrestricted funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of overhead costs.

Unrestricted funds are dontations and other incoming resources received or generated for the School's charitable purposes.

3 Analysis of incoming resources

2024 2023
£ £
Fees for charitable services
Pre School fees 131,879 82,974
Analysis of incoming resources Analysis of incoming resources Analysis of incoming resources
2024
2023
£
£
Fees for charitable services
Pre School fees
131,879
82,974
Analysis of resources expended
a) Employees
Wages & PAYE (note 6.1)
Training
DBS checks
Staff welfare		 2024
£
472,705
3,884
386
33
477,008		 2023
£
441,906
6,975
145
48
449,074

4 Analysis of resources expended

16

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 JULY 2024

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |b) Direct charitable expenditure| |Rent & rates|7,592|8,883| |Premises & insurance|1,745|2,127| |Consumables / toys etc|14,243|11,002| |Repairs to premises / equipment|109|4,716| |Trips/activities|1,933|2,897| |25,622|29,625| |c) Administrative expenses| |Telephone|1,827|1,859| |Print, postage & stationery|775|218| |Subscriptions|5,916|4,659| |Computer costs|1,811|907| |Accountancy (note 5.2)|8,887|5,593| |Advertising|79|150| |Cleaning|2,235|2,011| |Bank charges|719|740| |Sundry|146|- 200| |Refund of school fees|171|1,122| |22,566|17,059|

----- End of picture text -----

5 Details of certain items of expenditure

5.1 Trustee expenses and remuneration

Details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or third parties for expenses incurred by trustees.

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |Number of trustees who were paid|1|1|

----- End of picture text -----

Michele Stride is paid an annual salary of £37,806 (2023: £33,921) in her capacity as Lead Practitioner of the Pre School. She also acts as a Trustee in order to ensure efficient operation of processes.

No Trustees are remunerated for their Trustee duties.

During the year, one trustee was reimbursed £146 for expenses incurred on behalf of the charity (2023: 1 trustee reimbursed £39).

5.2 Fees paid to Independent Examiner

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Independent examination|4,255|2,293| |Other accountancy services|4,632|3,300| |8,887|5,593|

----- End of picture text -----

17

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 JULY 2024

6 Paid employees

6.1 Staff costs

Gross wages, salaries and benefits in kind
Employer national insurance costs
Pension Contributions		 2024
£
436,517
28,635
7,553
472,705		 2023
£
411,486
23,995
6,426
441,907

No employee earned more than £60,000 per annum in 2023-24 and in 2022-23.

6.2 Average number of full-time equivalent employees in the year

Management
Operational
Administrative
Total		 2024
4
20
1
25		 2023
4
20
1
25

6.3 Pensions and other post-retirement benefits

The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £7,553 (2023: £6,426).

7 Tangible fixed assets

7.1 Cost or valuation

Balance brought forward at 1 August 2023
Additions
Disposals
Balance carried forward at 31 July 2024
7.2 Accumulated depreciation and impairment provisions
Balance brought forward 1 August 2023
Depreciation charge in year
Eliminated on disposal
Balance carried forward at 31 July 2024
7.3 Net book value
Brought forward 1 August 2023
Carried forward at 31 July 2024		 Fixtures,
fittings and
equipment
£
26,853
3,789
-
30,642
24,074
2,088
-
26,162
2,779
4,480		 Total
£
26,853
3,789
-
30,642
24,074
2,088
-
26,162
2,779
4,480

18

RIVERSIDE PRE-SCHOOL CIO

NOTES TO THE FINANCIAL STATEMENTS continued

YEAR ENDED 31 JULY 2024

8 Debtors

Prepayments
9
Creditors
Accruals and deferred income
Trade Creditors
PAYE and NIC creditor
Pension contributions unpaid		 2024
£
2,768
2,768
2024
£
6,686
-
-
1,647
8,333		 2023
£
2,512
2,512
2023
£
8,358
-
-
1,350
9,708

10 Related party transactions

No transactions have taken place with related parties that require disclosure, other than those disclosed in note 5.1.