REGISTERED CHARITY NUMBER: 1186585
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2023 for CRUDWELL PRE-SCHOOL
Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
CRUDWELL PRE-SCHOOL
Contents of the Financial Statements for the Year Ended 31 July 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
CRUDWELL PRE-SCHOOL
Report of the Trustees for the Year Ended 31 July 2023
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1186585
Principal address
Village Hall Tetbury Lane Crudwell Malmesbury Wiltshire SN16 9HB
Trustees
Mrs Angie Stinchcombe Treasurer Mrs Catherine Harris Secretary Benjamin Miles John Mrs Katie Helen Marley Haines
Independent examiner
Stephen M Gatter FCA Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
26 November 2019: CIO registration.
CIO - FOUNDATION REGISTERED ON AMENDED ON 19 OCT 2021 as amended on 17 Aug 2022
20 October 2022: Funds received from 1037680 CRUDWELL PRE-SCHOOL
Recruitment and appointment of new trustees
Recruitment is open to all Members (Family membership and Affiliate Membership). All members are invited to the Annual General Meeting (AGM) and we require the candidates to notify our secretary their willingness to stand on the trustee panel, at least two weeks prior to the AGM.
At the AGM, the prospective new elected trustees will be those candidates receiving the highest number of votes from the Members
Every charity trustee must be a natural person.
No individual may be appointed as a charity trustee of the CIO if he or she is under the age of 16 years or if he or she would automatically cease to hold office under the provisions of clause. No one is entitled to act as a charity trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee. At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees or appoint a new charity trustee. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee.
No Committee Member may be paid for services provided for the Pre-School that form part of their duties as a Committee Member and a Trustee for the Pre-School.
Page 1
CRUDWELL PRE-SCHOOL
Report of the Trustees for the Year Ended 31 July 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES Objectives and aims
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: 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 whatever their race, culture, religion, means or ability; 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; Instigating and adhering to the Statutory Framework for the Early Years Foundation Stage .
Significant activities
To enhance the development, care and education of children primarily under statutory school age and also of children and young people of school age by encouraging parents to understand and provide for the needs of their children through community (voluntary managed) groups and by: (a) offering appropriate play facilities and training courses, 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 and young people, whatever their race, culture, religion, means or ability (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 area (c) instigating and adhering to and furthering the aims stipulated by Ofsted.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The CIO Pre-School is carrying on the same as the charitable setting it was before.
FINANCIAL REVIEW
FINANCIAL REVIEW AND RESERVES
The preschool is in fairly healthy financial situation all of which is unrestricted funds, as it has been in the past. These funds are held in order to meet any unforeseen expenditure that may occur. The committee regularly review the level for reserves held for the pre-school.
Approved by order of the board of trustees on 9 July 2024 and signed on its behalf by:
Mrs Catherine Harris - Trustee
Page 2
Independent Examiner's Report to the Trustees of Crudwell Pre-School
I report on the accounts for the year ended 31 July 2023, which are set out on pages four to nine.
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 have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Stephen M Gatter FCA Abacs Ltd La Pineda Upper Minety Malmesbury Wiltshire SN16 9PR
9 July 2024
Page 3
CRUDWELL PRE-SCHOOL
Statement of Financial Activities for the Year Ended 31 July 2023
| 2023 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 725 Activities for generating funds 2 447 Investment income 3 3 Incoming resources from charitable activities Pre School Activities 60,291 Total incoming resources 61,466 RESOURCES EXPENDED Costs of generating funds Fundraising trading: cost of goods sold and other costs 40 Charitable activities Pre School Activities 59,999 Governance costs 2,022 Total resources expended 62,061 NET INCOMING/(OUTGOING) RESOURCES (595) RECONCILIATION OF FUNDS Total funds brought forward 45,579 TOTAL FUNDS CARRIED FORWARD 44,984 |
2022 Total funds £ - 1,412 7 63,281 |
|---|---|
| 64,700 - 50,614 2,159 |
|
| 52,773 | |
| 11,927 33,652 |
|
| 45,579 |
The notes form part of these financial statements
Page 4
CRUDWELL PRE-SCHOOL
Balance Sheet At 31 July 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 852 CURRENT ASSETS Debtors 7 182 Prepayments and accrued income 535 Cash at bank 44,074 44,791 CREDITORS Amounts falling due within one year 8 (659) NET CURRENT ASSETS 44,132 TOTAL ASSETS LESS CURRENT LIABILITIES 44,984 NET ASSETS 44,984 FUNDS 9 Unrestricted funds 44,984 TOTAL FUNDS 44,984 |
2022 Total funds £ 1,099 132 535 43,855 44,522 (42) 44,480 45,579 45,579 45,579 45,579 |
|---|---|
The financial statements were approved by the Board of Trustees on 9 July 2024 and were signed on its behalf by:
Mrs Angie Stinchcombe -Trustee
The notes form part of these financial statements
Page 5
CRUDWELL PRE-SCHOOL
Notes to the Financial Statements for the Year Ended 31 July 2023
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
Charitable activities represent the Pre-school fee income from parents, combined with funding from Wiltshrie County Council in respect of the Governments policy on free early education or childcare
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. ACTIVITIES FOR GENERATING FUNDS
| Fundraising events 3. INVESTMENT INCOME Deposit account interest |
2023 £ 447 2023 £ 3 |
2022 £ 1,412 |
|---|---|---|
| 2022 £ 7 |
Page 6
CRUDWELL PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 July 2023
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
Mrs Catherine Harris (a member of staff of the Pre-School) became a Trustee on the 1st August 2021, her remuneration as a member of staff is included in the Wages and Salaries costs of the Pre-School under note 5 to these accounts.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022 .
5. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: |
2023 £ 47,570 678 48,248 2023 - |
2022 £ 38,844 361 |
|---|---|---|
| 39,205 | ||
| 2022 - |
No employees received emoluments in excess of £60,000.
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| At 1 August 2022 | 12,369 | ||
| Additions | 580 | ||
| At 31 July 2023 | 12,949 | ||
| DEPRECIATION | |||
| At 1 August 2022 | 11,270 | ||
| Charge for year | 827 | ||
| At 31 July 2023 | 12,097 | ||
| NET BOOK VALUE | |||
| At 31 July 2023 | 852 | ||
| At 31 July 2022 | 1,099 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 182 | 132 |
Page 7
CRUDWELL PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 July 2023
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 200 | 129 | ||
| Taxation and social security | 282 | (178) | ||
| Other creditors | 177 | 91 | ||
| 659 | 42 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement in | ||||
| At 1.8.22 | funds | At 31.7.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 45,579 | (595) | 44,984 | |
| TOTAL FUNDS | 45,579 | (595) | 44,984 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 61,466 | (62,061) | (595) | |
| TOTAL FUNDS | 61,466 | (62,061) | (595) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement in | ||||
| At 1.8.21 | funds | At 31.7.22 | ||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General fund | 33,652 | 11,927 | 45,579 | |
| TOTAL FUNDS | 33,652 | 11,927 | 45,579 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 64,700 | (52,773) | 11,927 | |
| TOTAL FUNDS | 64,700 | (52,773) | 11,927 | |
9. MOVEMENT IN FUNDS
Page 8
CRUDWELL PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 July 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement in At 1.8.21 funds At £ £ Unrestricted funds General fund 33,652 11,332 TOTAL FUNDS 33,652 11,332 |
31.7.23 £ 44,984 |
|---|---|
| 44,984 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 126,166 | (114,834) | 11,332 |
| TOTAL FUNDS | 126,166 | (114,834) | 11,332 |
Page 9
CRUDWELL PRE-SCHOOL
Detailed Statement of Financial Activities for the Year Ended 31 July 2023
| INCOMING RESOURCES Voluntary income Gifts Donations Activities for generating funds Fundraising events Investment income Deposit account interest Incoming resources from charitable activities Wiltshire Council Funding Attendance Fees HMRC CJRS Grant Total incoming resources RESOURCES EXPENDED Fundraising trading: cost of goods sold and other costs Fund Raising Events Costs Charitable activities Wages Pensions Rent, Rates and water Insurance and Subscriptions Telephone Repairs and Maintenance Motor and Travel Expenses Equipment, stationary and post Staff Training Refreshments and Groceries Uniforms HUGGG Vouchers Computer equipment Governance costs Accountancy Professional charges and subs |
2023 £ (1) 726 725 447 3 47,868 12,423 - 60,291 61,466 40 47,570 678 5,427 980 243 - 36 2,575 219 374 360 635 827 59,924 1,962 60 2,022 |
2022 £ - - |
|---|---|---|
| - 1,412 7 50,450 10,944 1,887 |
||
| 63,281 | ||
| 64,700 - 38,844 361 5,442 733 368 744 120 1,638 426 416 - 525 957 |
||
| 50,574 1,962 197 |
||
| 2,159 |
Support costs
This page does not form part of the statutory financial statements
Page 10
CRUDWELL PRE-SCHOOL
Detailed Statement of Financial Activities for the Year Ended 31 July 2023
| Finance Bank charges Total resources expended Net (expenditure)/income |
2023 £ 75 62,061 (595) |
2022 £ 40 |
|---|---|---|
| 52,773 | ||
| 11,927 |
This page does not form part of the statutory financial statements
Page 11