IAvenbam Prexljool ADllual Report aDd nanCIal Statements Ye4r eDded 31 Augwst 2023 Charity num1. 1184176
LAVEMIAM PRESCHOOL Annual Rewtrrt and fiDaDcial Statrmexts for the year ended 31 Ayt 2023 CoDteRts Page: Referen¢e and admillisEr81ive drt8ils Report of th¢ Tnee8 Indep¢ndent Examiner's R¢port Ststem¢nt of Financial Activities Balanc¢ Sheet Notes fonnijjg part ofth¢ Fijwicial Statements
Annual Report and Statements for the yetr ended 31 Aug•st 2023 Reference and administrntive d¢taL4 Charity name Lavenlwn Preschool Registered ebarfity number 1184176 Busine&s addms Church Stre£t Lavenham Suffolk C0109QT Trnstee R S Mawford . Chairman D Carse. Treasurer J M Jones S Knight K Humplweys A Hyde Parker H Upton Pre-school Manager Elzbieta Zlotek Independent examiner Wendy Bowman AAT WB Accounting Service4 18 Peek Clos4 iavenham, SuffolL COIO 9FR Bankers santand trK plc Lloyds Bank plc
Report of the trustees for the ythr ended 31 August 2023 Th¢ trust¢¢s for th¢ pu[pO of ¢hatity law. hav¢ pl[ in Wa5¢nti their annual rep)rt and the fmanctal statements of the charity for the year ended 31 August 2023. Struethre. Governance and MaDagemeDt Governing Doc¥ment Lav¢nham Pr¢h0o1 is a Charitable ]ncorwrated Otwisation (Foundation MCl) which was r¢gisteffd on I July 2019 (reglstered number 1184176). On 19 1)ec¢D)b¢r 2019 the CIO obtained OFSTED registration and took over the Preschool's activities and ass¢ts. Th¢ Presch(K)I previously 0rated &8 an unincorporated charity (r¢gist¢r¢d number 1048612) pthich was regiSted on 12 August 1995. Th¢ trustees during th¢ y¢aT ¢nded 31 August 2023 ate stated on pag¢ l. Subsequent to this. H Upton $1M¢d on 10 S¢pt¢mber 2023. Rlsk managemeRI The trustees have review the major risks to which th¢ charity is eXE and have abliShed sy$tsms and pri)cedures to mitigate those risks. Objeelives #nd aetivittes Lav¢nham Pr¢s¢hool is an ¢ducational charity whose obje¢tiv¢s to enhance the development and Caution of ¢hiRdrcn primarily under statutory sch(w)l age by ¢ncournging par¢nts to understand and provid¢ for the needs of their children through community groups and by: a) offering appropriate play. educ1(] and care f11]tieS. famity learning and extended hours groups. together with the right of partnts to tak¢ reswnsibility for and to be¢om¢ involyuj in thc activities of such groups, ensuring that sh 8roups offer opportunities for all children whatever their rncq culth. religio means or ability, b) ¢nVragIng the sthdy of the needs of such children and their families and promoting public interest in and recognition of such Deeds in th¢ local c) insti8ating and adhering to and firthering the aims and objects of the Pre-school L£arning Alliance. The Preschool is open five days a week offering breakfast club. morning and aftern(K)n sessions, lunch club, an aft¢r-hours club and all4ay care. We ter for childn from 2 years to school age? preparing them for enty into mainstream schooling. The Presch)1 Iyerntss from a putpose-built building, adjac£nt to tAvenham Village Hall, which was opened in Seirtember 2017. Performance and a¢lthvemeDts The Preschool continued the itnprov¢ment in its fllwicial position duTingth¢ y¢ar. helped by a significant increase in fee income. With the involvevnent of IKrth trustees and Staff, we were also able to step up ow fundrnising efforts. ffincluding througb thc rcsumption of thc annual fireworks display, held in Conjunction with L&venham Primary Major thanks for their ex¢¢llent work dwiDg the yeor rnt go to all our staff. particularly those who showed resilience and flexibility in tsking up senior acting apwintments to cover maternity l¢av¢.
LAVENHAM PRESCHOOL Report of the trvsttts for the year elded 31 A•gust 2023 The improved fmancial w>$ition of the Presch(K)I meantthat w¢ we le&8 reliant on fillanciai support from outside bodies than in th¢ previousyear. Butwewerc ple&sedto rtteiv¢a donation of£250 to sUpEoUr 2022 fireworks display. Plan8 for the futhre Th¢ coming year ts likely to prove a ch811enging one with the priority being to build up pupil numbers in order to ensuffj that our purpose-built building is filY utilised and to cover Inc1ng wsts. It will also be necessary to take advantage of the opportunities provided by the Government's phased extension of free childcare, beginning from April 2024 with the provision of 15 hours per week of educatiOD and Care to two-year children of eligsble parents. To help to achiev¢ our objective4 from January 2024 we will be extsnding the regular working hours of the Pr¢s¢hool to cover 8.00am to 5.00pm. This should make our service morc attractive to working p8r¢nts and carers. In addition, because the Forest School is a major part of our offering we are r¢-bYanding ourselves as the "Lavettham Preschool & Forest School-. an¢ial Revie The Statement of Financial Activities on page 5 sets out th¢ movement in fimds forthe year and the Balance Sh¢¢t on page 6 shows the charity's state of affairs at the year en(L Includ within debtors is £6.715 due from HNIRC in respect of statutory maternity pay that could not be offt& against PAYE durin8 the year. The principa] Sources of income are th¢ Government Funding Grant for Early Years Educatio from Suffolk County Council and fees charged for non-fimded Sessions. As noted abov4 fid[aiSing also Play a more sigllificant rol¢ in 2022-23. These sources of income led to an increas¢ in total income of IP/o. Costs rose by slightly less Thith the result that th¢ surplus rose to £23.092 ¢ompred with £19239 in the previow8 year. Reserves Stood at £53,737 at the end of 2022-23. The ttITStees have consid¢red the level of fimds held and the ex income and expenditure for the next 12 months. B&%ed on this assessmeni the tnLStees klieve that the Preschool will continue as a going concern diving this period. This rewjrt approved by the trDsteo¥ on l November 2023 on thelr behalf by: 4wford Chairnian
LAVENHAM PRESCHOOL Independent Ewiuer'y Report to the trustses of IAvenbxm Preschool I r¢port on the aCullts of Lavenham Preschool for the y¢aT eThd 31 August 2023, which are s¢t out on pages 5 Respective respDDsibi1Sties of tn£¢3 2nd examir The tsust¢es aff responsible for the preparntion of the accounts. The ts1$ considerthat an audit is not requiT¢d for this year under s¢ction 144(2) of the Cbariti¢s Act 2011 (the 2011 Act) and that an independ¢nt examination is needed. Having satisfied myself that the charity is not subject to audit und¢r company law and is eligibl¢ for indep¢nd¢nt examination. it is my responsibility to: examine th¢ accounts under wtion 145 of the 2011 ACL . to follow the pr(Kedures laid dosvn in th¢ g¢raI Direction givenby the Charity Commission under se¢tion 145(5) (b) of the 2011 A¢ and • to stats whether particular Matters have eom¢ to my attentiOlL Bosis of independ¢nt eX]Der'S rep)rt My examination was ¢Tica out in acc4)rdance with the Genernl Dire¢tions giv¢n by the Charity Commi&8ioners. An examination includes a review of the accounting rOlS kept by the cFLarity and a ¢omp8fisoD of the accounts presented with thos¢ re¢oTds. It also iticlud&s consideration of any unusual items or disclosures in the a¢¢oullts. and seeking eXpla[tIonS from you &$ IT collLxrning any such matters. The procedu5 undertaken do not provide all the evidence that would be required in an audil and consequentty no opinion ts givell as to whether the awwits pres¢ot a'tru¢ and fair view. and the report is limitd to those matters set out in the statement below. Independent wminer's slatement In connection with our exatllinatio no matter has c(Kne to my atttolL l) which gives me reasonable caus¢ to beii¢ve that in any matsTial rwthe requiTqnents: to keep ac¢ountillg reco in accordaDce with section 386 of the Companies Act 2006: and to prepare accounts whi¢h a¢coTd with the Y&counting requirements of the section 396 of the Compani¢s Act 2006 and with the methods and principl of Stst¢m¢nt of Recommended Practice: Accounting and Reporting by Chorities have IKen m¢L or to which in my Opinio attentiOD shouldbe drawn in {dertO enable a propw understanding of the accounts to b¢ reh¢d. 2) W Bowman AAT WB AountIng Services Lavenham. Suffolk COIO 30 (ktober 2023
ststement of Financial Activitsey (itteorwtyrating an Imeome aDd Expendlture ACll1) for the year ended 31 Allgt 2023 Nole Unrestrictal Restricted Funds 2023 Totsl 2022 Total Income froJD: Donations 250 250 10050 Charitable activities: Grants Fees Other income 86J65 41246 S665 41246 82J49 1&456 34 Fundraising events 34 3054 763 Investhient income Bank interest receivable 131 Totsl iDeorne 131.496 250 131,746 112ffj56 Eipenditure OD: Raising funds 175 250 425 Charitsble activities 108229 108229 93J27 Totsl expenditure 250 108ffiS4 93,417 Net in¢Dme Ll092 19239 FuDd balances at I September 2022 30ffi45 30,645 11.406 Fund balances at 31 August 2023 53.737 53,737 30,645 The statement of fmancial acttvitie5 includes all gain5 and losses recognised in the year. All income and ¢xpenditure d¢riv¢s from continuing activiti¢& The comparativ¢ fi8ures for 2022 all r¢lat¢ to uDr¢stricted fimds. exccpt as shown in note 2.
Balance sbeet at 31 August 21123 Total 2023 Totsl 2022 Note Current A8sets D¢btors and prepayments Cash at bank & tn haDd 571 45985 47911 5SJ94 46556 Creditor5." amouots falling due within one year (1,657) (15,911) Net ¢urrent &8sets 53,737 30,645 Net assets 53,737 30ffj45 Funds Unrestricted funds Restricted funds 53,737 30,645 53,737 30,645 The notes on pages 7 to 9 forn] part of these fmancial statem¢nts. The fingneial 8tatemeDts were *ppmFed by the trusteu on l November 2023 and 81gDed on their behalf by DTRCar8e Truste¢
Notss fonning part of th¢ fiDatstial tskntem¢Bts for Ihe Ye ended 31 Aug81 2023 Accounting polieies AccountingcopThepthon These fu)Cial statements have i1 pretAr1 ia accord8neewith Accounting and R¢p)rtillgby Charities: Statement of Recommended Practice appRicabl¢ to charities preparing their aCunts in accordance with the FinanciaI ReportiDg Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2015) - (Charities SORP (FRS 102)). th¢ Financial RertIng Standard applicable in the UK and Republic of IrelaDd (FRS 102). The accounts (financial statements) hav¢ been prepared under the historical cost convention with items recoguised at cost or transaction va]ue unless otherwise stst¢d in the rel¢vant note(s) to these a¢wunts. The charity constitutes a public Ixnefit entity as defined by FRS IO2. Going concern The accounts have iw prwed on a going concern b&sis which the trw*ees believe is appropriats giv¢n the level of fimds held and the income and expenditure forecast for th¢ next 12 months from the date of approving th&se fU1¢Ial statem¢nts. Incoming resowees All incoming resources are included in th¢ SOFA when the charity is legalty entitled to the income and the amount be quantified with rc&fothle accuracy. Donated services are InChCa at the yah to the cbarity where this can be quantifi¢d and a thiTd party is bearing the cosL No amijunts are includeoj in the financial statements for seTvices donated by volunteers. Erpenditure All ¢xp¢nditure is accounted for on an aCCnlS b&si4 and has been cl&ssifi¢d under the h¢adings that aggregate all costs related tothe category. Where costs cannot be directly atiributed to particular headings thcy hav¢ be¢n alloted to activities on a blS consi5tenl with use of resources. Fundraising Costs are those incuJTed in seeking voluntary contributiotLS 2nd holding fvndrnistng events. Support costs are those costs incurred directty in sUprt of expenditure on th¢ objects of the Charity. Governance costs are those iticurreA in CA)nnertion with compliance with collUtional and statutory r¢quircmcnts. Tan8Yblefixedassets Individual fixed assets costing £1,1) or Jnore aT¢ capits11 at cosL including any incidental costs of acquisition. Depreciation is providcd on all tangibl¢ fix¢d asset% oth¢r than freehold lan so as to write off the cosL kss estim8ted residual valu< over their expected USefi Ityes. Operating I£eS Rentalg under operating leases are char8¢d to thc income and expenditur¢ Unt as in¢utrd. FAccouPthng Unrestricted fund5 compris¢ accumulat1 su1seS and deficits on Ihe general fill and designata funds. They are available for use at the discretion of the tAte£S in fiwtherance of the charffitable company's objectives. Desiguated funds are those funits desIgted for a particular PUTW)se or projects at the dAscr¢tion of the tTUSt¢es.
Notes to the financial ytatem¢Dts for the year ended 31 August 2023 (ColRUedj R¢stri¢ted fimds 8re funds which are to be used in accordance with specific StrIct10n$ imposed by donors or which have beeD raisd by the clwity for particular purposes. The CA)St of rnising and administering su¢h funds are Charg against the $ifiC fund. The aim and use of ¢a¢h restricted fund is set out in the notss to th¢ fmancial statements. DonatioDs 2023 2022 Unrestricie(L. Lavenham Communty CouD¢iI Lavenharn Parish Council Lavenham Gardening Club East of England C( Smaller donations 2.500 3.500 300 50 Lavenham Community Council Individual donor re fireworks display 4,500 250 Totsl donations 250 10,850 GraDts 2023 2022 Suffoll( County Council- Farty Education fuDding Totsl grants 86565 82.549 Expenditure on Charitable actlviti 2023 202 Dired eosts Staff costs (note 5) Resources for childrefti SMPPOrt coJYs Premiscs Other support com includtng gov¢rnAnce costs 82,017 4ffj12 74,492 1,070 &ooi 13599 8,368 9,397 108229 93,327
LAVEML4M PRESCHOOL Not&8 to the fiDaD¢ial ststements for the Ye eaded 31 Ayt 2023 (COn¢ind) 5 Staff ¢08ts 2023 2022 Wages and salaTi¢S Social security ¢osts Pension costs Staff TecruitinenL training and uniforni costs ¢)ther staff costs 78096 72.885 1.062 863 744 965 82.017 74,492 The key maTJagement rKrsoDnel of the Cllty Comprise the trustees and the Prescbool manager as shown on page l. The tnths neither r¢1v nor w8ivd any remune¥ation during the year (2021: £nil). The avernge nwnber of employees duTing the year, calculated on a head count basis was 10 (2022.9). No employ¢¢ had emoluments in exc of £60.000 (2022: nil). 6 TAxation The company is a registered chaTity and is not COD5idered liable to ttion on its inwme. Income tax d¢ducted at source from incorne is r¢¢overable from HNIRC. 7 DebtoTh and prepayments Includes £6.715 due from HF*(RC in rw of ststutory maternty paythat¢ould not be offs¢t against PAYE during the year. A provision of £460 for bad and doubtful deiks in ffsrRct of overdue fee income has been d&lucteil. Funds Summary Balance at Fund movements BAlanee at I September Incoming Rosourew TrnDsfer 31 August 2022 resourres 2023 R&81rleted funds 250 250 Unrestricted funds 3Q645 131h96 108M4 53.737 131,746 108ffj54 53.737